What will the real effect of a refinance mortgage be?
Is it really going to save you money or are you sacrificing a good chunk of equity for the sake of saving a few dollars every month.
The biggest mistake that is often made is to get caught up in refinance mania at low interest times and look at the few monthly dollars saved without paying attention to the term of the loan.
The mortgage refinancing calculator will guide you in making the right decision.
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.