Today is May 11, 2008

Mortgage Refinance Calculator

This calculator will compare the difference between payments on an existing mortgage and a refinanced mortgage. Enter information in the fields below then press the Calculate button to display the results. Do not enter commas or dollar signs ($) into the "Mortgage Amount" or "Closing Cost" fields.

Existing Loan Information
What is your current remaining mortgage amount? $
How many months until the mortgage is paid off?   Months
What is the current interest rate on your mortgage?   %

New Loan Information
What is the term of your new loan?  
What is the interest rate of your new loan?   %
What closing costs will you incur? ($2,000 is typical) $

Results:
Your current monthly mortgage payment is: $
Your new payment would be: $
The difference per month would be: $

Disclaimer: This calculator is for illustrative purposes only and does not constitute an official estimate of General Board benefits or financial services.
Print Page Print Page
Terms & Conditions | Privacy Policy | Site Map
© 2000-2008 General Board of Pension and Health Benefits