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Savings associated with consolidating and refinance


 
 

First Mortgage

Second Mortgage (Optional)

Balance Loan Amount ($)
Monthly Payment (Principal and Interest only)
Mortgage Rate (% per annum)
 

Refinancing


Mortgage Refinancing Rate (% per annum)
Years you will be Refinancing for
Closing Costs
Looking to finance the Closing Costs
 

   

 

Consolidate my first and second mortgage and refinance into a single mortgage?


New Monthly Payment
Monthly Payment Amount [(Decrease)/Increase]
Periods for Interest Savings to cover Closing Costs (Months)
Total Current Interest you are paying
Total Interest you need to pay after refinance
Total Interest you will save if you refinance
Net Refinancing Savings (Interest savings less closing costs)
 

 

 

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