Compare cost with payment savings
Simple refinance cost recovery
Estimate how long a comparable principal, interest, and mortgage-insurance difference would take to recover total net refinance costs.
Enter this amount in U.S. dollars.
Leave blank if none.Enter this amount in U.S. dollars.
Enter this amount in U.S. dollars.
Leave blank if none.Enter this amount in U.S. dollars.
Include nonrefundable points and fees after credits, whether paid in cash or financed. Exclude payoff principal, cash-out proceeds, and tax or insurance escrows.Enter this amount in U.S. dollars.
Simple payment comparison
9 monthsEstimated monthly payment difference: $500.
This does not compare remaining principal, equity, total interest, term extension, adjustable rates, taxes, opportunity cost, moving, or future refinancing. Do not use it for cash-out refinancing or a shorter new term.
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