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Refinance Calculator This calculator will help you decide whether or not you should refinance your current mortgage at a lower interest rate. It will calculate the monthly payment and the net interest.  Your Loan Information: Principal Balance of your mortgage:   Amount of your monthly mortgage payment:   Mortgage current interest rate:   Interest rate you will be refinancing at:   Number of years you will be refinancing for:   Closing costs required for refinancing:      Results of Refinancing: This is how much your monthly payment will be if you refinance:   This is your MONTHLY Savings:   The interest you will pay under your current monthly payment plan:   The 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):

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