Enter the current principal balance of your mortgage:
Enter the amount of your monthly mortgage payment:
Enter the your mortgage's current interest rate:
Enter the interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing:
 
This is how much your monthly payment will be if you refinance:
Monthly savings:
Number of months to break even on closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Total Refinancing Savings (less closing costs):