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Miami South Florida Real Estate Agents, Realtor, Brokers

Mortgage Refinance Calculator

Our Mortgage Refinance Calculator calculates the monthly mortgage payment and net interest savings of a Florida Refinance Loan. As well it calculates how many months, or years, it can take for you to “break even” on the total costs of a new refinance loan. Many times savings can be immediate by just a lowering of the interest rate.

Enter the principal balance of your mortgage:
Enter the amount of your monthly mortgage payment:
Enter your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, number of points is "1" or dollar amount is .01 times the principal)
Would you like to finance the closing costs?

This is your monthly payment if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing costs:
The interest you pay under your current mortgage:
Interest you will pay under your monthly payment plan:
This is how much interest you will save if you refinance:
Net Savings (interest savings less closing costs):

Florida Mortgage Lender

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