The calculator below helps you
assess the impact of refinancing your mortgage. The issues are
two-fold. The first step enables you to look at the monthly
savings you will have with a lower interest rate. At the right
side of the page, you can total the costs of the refinancing.
All of the data is then processed so that you can determine
how many months it will be before you recoup the costs of the
loan. If you have questions about terms used, look to the black
box at the right. When you move your cursor over the terms,
the definition appears in the black box. Use the tab key to
move from box to box. You can use the tab or enter to produce
the results in the red boxes.
