Mortgage Refinance Calculator This mortgage refinance calculator will help quantify the financial change from one mortgage to another in terms of the variance per payment, per year and over the lifetime of the loan at the proposed rate as well as the values if the original payment amount was continued. An example of this would be when downsizing a mortgage but keeping the original, higher, payment. This way the payback of the new mortgage would be accelerated resulting in interest payment savings.

Current Loan Current loan amount $ Current loan term years years Current loan rate % Proposed Loan Proposed loan amount $ Proposed loan term years years Proposed loan rate % Monthly Payment Summary Current monthly payment $ Proposed monthly payment $ Variance per payment $ Lifetime Payment Summary Changing repayment from to at new rate Current loan full repayment $ Proposed loan full repayment $ Variance over full repayment $ Keeping repayment at at new rate Years @ (current payment), per month years Years @ (proposed), per month years Loan payback full term variance years years Proposed loan full repayment $ Variance over full repayment $

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