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2006: A look back - A look ahead  
  Mortgage rates and home prices rose in 2006 while a refi boom is anticipated in 2007.
 Personal finance calendar  Personal finance calendar 

Refinancing calculator: Is it time to refinance?

With all the up and down movement of rates on mortgages, home equity loans and lines of credit, you may be wondering if it's a good time for you to think about refinancing.

The answer, of course, depends on many things -- most of which only you can decide. But as far as crunching the numbers, we can help.

Try this Bankrate calculator by inputting all the necessary figures and we'll give you your new monthly payment, monthly savings and the difference in interest over the life of the loan.

Check mortgage lenders by ZIP Code:

  Will you save by refinancing your mortgage
Savings from refinancing
Current monthly payment: Current interest rate:
Balance left on mortgage: New interest rate *:
* Find the best interest rates in your area for more personalized results.
Years left on current loan: New loan term (in years):
How much will it cost you?
Points: Cost of points: $ 0
Application fee: Credit check:
Attorney's fee (yours): Attorney's fee (lenders):
Title search: Title insurance:
Appraisal fee: Inspections:
Local fees (taxes, transfers): Document preparation:
New monthly payment $ 0
Monthly savings $0
Difference in interest $ 0
Total cost: $ 0
Months to recoup costs: 0
-- Updated: Nov. 1, 2006
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