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Should I Refinance?
Input Information
Before Refinance
After Refinance
Amount :
($)
Interest Rate :
(%)
(%)
Length :
(Yrs)
(Yrs)
Months Paid :
(Mts)
Years Before Sell :
(Yrs)
Fees and Points
Points :
(%)
Origination Fees :
(%)
Closing Cost :
($)
Your Taxes Rates
Tax Rate :
(%)
State Tax Rate :
(%)
Show Schedule Table
Financial Analysis
Before Refinance
After Refinance
Monthly Payment :
$1,304.12
$1,100.82
Total Monthly Payment :
$78,247.10
$66,049.23
Monthly Payment Savings :
$12,197.87
Total Interest Paid :
$51,307.55
$44,908.96
Tax Savings :
$15,905.34
$13,921.78
Tax Saving Losses :
$1,983.56
Balance at Refinance :
$228,745.59
Points Value :
$2,287.46
Refinance amount :
$226,458.14
Balance at Sale :
$201,806.04
$205,317.87
Balance Losses :
$3,511.82
Total Losses :
$5,495.39
Total Closing Cost :
$3,487.46
Total Savings :
$12,197.87
Total Benefit
(Savings - Losses - Closing) :
$3,215.03
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