Mortgage Refinance Calculator
Use this mortgage refinance calculator as a guide to whether to refinance your existing mortgage at a lower interest rate. This calculator will provide calculations for monthly payments and interest savings as well as telling you how long it will take to pay off any charge for closing your existing mortgage. Mortgage refinancing is worth considering if you can lower your monthly payments and overall costs of your loan. If you do not have an existing mortgage, please use the standard mortgage calculator instead.
Whilst every effort has been made in building the mortgage refinance calculator tool, I am not to be held liable for any special, incidental, indirect or consequential damages or monetary losses of any kind arising out of or in connection with the use of the calculator tools and information derived from the web site. This mortgage refinance calculator is here purely as a service to you, please use it at your own risk.
The calculations given by the mortgage refinance calculator are only a guide. Please speak to an independent financial advisor for professional guidance. Read the full disclaimer.
Question: Should I refinance my mortgage?
There are many factors to take into consideration when trying to decide whether to refinance your mortgage. You may be looking to lower your monthly payment or shorten the length of your mortgage. Generally, refinancing is an option worth considering if, by taking out a new mortgage, you can reduce the costs of your loan.
Note: The results given by this mortgage refinance calculator are only a guide. Please speak to a mortgage advisor or independent financial advisor for accurate guidance.