Calculate your monthly payment and see how the principal is paid over time.
Mortgage Payment: $507
Current Monthly Payment: $3501
Early Payoff Monthly Payment: $4755
Determine the additional monthly payment amount needed to pay off the loan sooner.
Refinance Break-Even Point
Find out how long it will take to "break-even" on a refinanced loan.
Estimated Closing Costs: $3,000.00
New Monthly Rate: $850.00
Refinance Break Even (months): 28
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a mortgage professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.