Refinance Analysis Calculator

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment (Principal & Interest Only):
Enter your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
 

 

 
 

Today's Rates*

TermRateAPR
15 Yr Fxd3.5%3.625%
20 Yr Fixed4.125%4.329%
30 Yr Fxd4.375%4.51%
* All rates above are with ZERO points.

Add .125-.375 to each rate for 
no points and no closing costs option 
depending on loan size.   This is a range of rates and actual rate will depend on your
fico credit score, loan-to-value after appraisal is completed and other factors.


Ask Loan Officer for customized rate quotes

 

Need More information

Call Us: 1-800-220-0959 x 150 Sales
Email Us: info@newenglandregional.com

 

STATE LICENSING NMLS 2813
FL Mortgage Lender License MLD108
CT Mortgage Lender License 1924
MA Mortgage Broker License MC2813
MA Mortgage Lender License MC2813
ME Supervised Lender License SLM2683
Licensed by the New Hampshire Banking Department 5926-MB
Rhode Island Lender License 9400049LL
Vermont Lender License 5266
NMLS Lender License 2813

NMLS Branch Windham NH 126692
NMLS Branch Waterbury CT 1555384