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mortgage calculators bread crumb mortgage calculators > Mortgage refinancing savings calculator

Mortgage refinancing savings calculator

Everyone will refinance in some point of our lifetime. Refinance is a means of switching from one interest rate to another of your mortgage. Use this mortgage calculator to see if you can save to switch. It only takes a few seconds to fill in the form. In seconds, you will see the new monthly mortgage payment, and new total mortgage payment. This refinance mortgage calculator is also one of our mortgage calculators.


Enter values that implies your situation
Original Mortgage Amount: Click here for mortgage term definition
Original Interest Rate: % Click here for mortgage term definition
Original Mortgage Term: years Click here for mortgage term definition
Months Left to Pay the Original Mortgage: months Click here for mortgage term definition
New Mortgage Amount: $ Click here for mortgage term definition
New Interest Rate: % Click here for mortgage term definition
New mortgage Term: years Click here for mortgage term definition


Mortgage Calculator Definition of Terms

Original Mortgage Amount

It is the original amount that the borrower wishes to borrow. For example, 250000.

Original Mortgage Term

The original number of years to amortized the mortgage loan. For example, 20, 25, or 30 years are common

Original Interest Rate

The original percentage of an amount of money which is paid for its use for a specified time. For example, 5.25 quotes by lender

Months Left to Pay the Original Mortgage

How many more months to pay the mortgage loan.

New Mortgage Amount

It is the new amount that the borrower wishes to borrow. For example, 250000.

New Mortgage Term

The new number of years to amortized the mortgage loan. For example, 20, 25, or 30 years are common

New Interest Rate

The new percentage of an amount of money which is paid for its use for a specified time. For example, 5.25 quotes by lender

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Information and calculation provided on this mortgage calculators website is for general purposes only. It is not intended to take the place of advice from your mortgage brokers.