Mortgage Calculator - Refinancing

Fox Symes provides you with a mortgage calculator to see how refinancing will effect your mortgage. Input your figures and find out if refinancing will benefit you. There are multiple factors that will affect calculations. If you would like further assistance then call us on 1300 361 204 or fill in our short contact form.

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. This calculator will calculate the monthly payment and net interest savings as well as how many months it will take to break even on the refinance costs.

 

Mortgage Refinancing Calculator
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 and interest portion only)
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:
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):

Use other Calculators:

For residents of Australia only

If you are employed and have debts greater than $10,000 please contact us on 1300 361 204 or fill in this form. We have live Debt Consultants available to help you now.


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