How To Use
The refinance calculator is provided to help you with general information regarding the possible benefits of refinancing your first mortgage. The results returned by this calculator should only be used as one of many factors in evaluating your options.
This calculator returns information based on your inputs regarding your existing mortgage information. It is important that you provide accurate information in order to receive more realistic results. This calculator can only provide a general overview of your situation based on the information you provide. Your mortgage company may use different information to determine eligibility and your individual results may vary from the results shown by this calculator.
These results have been calculated based on your inputs regarding your existing mortgage information. Your mortgage company may consider additional factors in determining your eligibility and potential savings, which may result in a different payment or savings amount.
Please save this information (as a PDF document) or email it to yourself, so that you may have it as a reference when you speak with your mortgage company or a housing counselor.
Every situation is different. The results shown below do not include the cost of Mortgage Insurance (MI), which may be required. Contact your mortgage company to determine your exact results.