Mortgage Refinance Calculator



	Federal House
	374 South Street, Suite 208
	Pittsfield, MA 01201
	Office Phone: 413-236-0993
	Office Fax: 413-236-0960

Enter the numbers below from your present and proposed mortgage. Example: Enter 100000 not $100,000.
Just click in the boxes and change the example numbers to your numbers.

Enter the balance of your current mortgage:
Enter your current monthly mortgage payment:
Enter your current mortgage's interest rate:
Enter the interest rate you can refinance at:
Enter the number of years you can refinance at:
Enter the closing costs to refinance your property:


Your new monthly payment if you refinance:
Monthly Savings:
This is how much interest you will pay under your current mortgage:
This is how much interest you will pay under your new refinanced mortgage:
You will save this much interest if you refinance and keep the new mortgage to term:
Net Refinancing Savings (interest savings minus closing costs):

NOTE: It is possible to pay more in interest if you refinance a mortgage that is nearly paid off, over a new longer term, even if your payments per month are considerably lower.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Properties of the Berkshires - 374 South Street, Suite 208 Pittsfield, MA 01201

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