Should I Refinance?

Should I Refinance My Mortgage?

Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have creeped up over the last couple of months, refinancing may make sense for you. Use the calculator to analyze your situation.


	Current Loan Information	Input
	Current loan balance
	Annual interest rate: (%)
	Number of months remaining
	Proposed Loan Information
	Annual interest rate on new mortgage: (%)
	Number of months (30 yrs = 360)
	Loan origination fee: (%)
	Other fees/discount points: (%)
	Other fees: ($)

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Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.