Mortgage Refinance

How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with new loan amortization, rate and closing costs. We will then determine how much interest refinancing can save you.

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Calculate based on:   Annual Income   Purchase Price   Total Monthly Payment
Annual Income:		Purchase Price:	$118,430.00
Total Monthly Payment:	$933.33	Cash On Hand:
Interest Rate:		Amortization in Years:	40 years 39 years 38 years 37 years 36 years 35 years 34 years 33 years 32 years 31 years 30 years 29 years 28 years 27 years 26 years 25 years 24 years 23 years 22 years 21 years 20 years 19 years 18 years 17 years 16 years 15 years 14 years 13 years 12 years 11 years 10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 years
Annual Property Taxes:		Monthly Heat:
Total Debt Payments: $400.00		Total Closing Costs: $800.00
Monthly Car Payment(s):		CMHC Premium:	0% = $0.00
Credit Card Payment(s):		Other Closing Costs:
Other Loan Payment(s):		Is this a new home?	Check For GST
Condo Fees:
Monthly Payment Breakdown		Principal and Interest Paid
Principal Paid by Year		Use of Cash On Hand