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CSG Mortgage Refinance Calculator

This calculator requires the use of Javascript enabled and capable browsers. This refinance 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.



Data Entry

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
Enter the 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 that will be required for refinancing

Calculated Results

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
Net Refinancing Savings (interest savings less closing costs)





Version 9.8.1

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