Fill in this side first (Do not use commas)

Refinancing Information (Do NOT enter anything in this column; it computes automatically)

Enter the principal balance of your mortgage. Call your lender for the current payoff amount.

Monthly payment if you refinance:

Enter your current monthly mortgage payment:

Monthly savings (old payment vs new):

Enter your mortgage's current interest rate:

Number of months to break even on closing costs:

Enter new interest rate (refinanced rate):

Interest you will pay on current monthly payments :

Enter the number of years you will be refinancing for:

Interest you will pay on refinanced monthly payments:

Enter the closing costs that will be required for refinancing: (may need to call your lender or estimate the amount)

Money (interest charges) saved if you refinance:

Net Refinancing Savings (interest savings less closing costs):