Mortgage Refinancing Calculator

Enter the principal balance of your mortgage: (call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment: (principal and interest portion only)
Enter the your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing:

This is how much your monthly payment will be if you refinance:	$0
Monthly Savings:	$0
Number of months to break even on closing costs:	0
This is how much interest you will pay under your current monthly payment plan:	$0
This is how much interest you will pay under your refinanced monthly payment plan:	$0
This is how much interest you will save if you refinance:	$0
Net Refinancing Savings (interest savings less closing costs):	$0

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Lifetime Savings Calculator

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.

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Not all services available in all states. Fees may apply for certain services, including debt management plan services. Eligibility requirements, terms and conditions apply. Individual results may vary depending upon a number of factors, including creditor participation and your financial situation. Establishment of a debt management plan may adversely affect your credit rating or credit score. Nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation. Ask us for details.

Mississippi Licensed Debt Management Service Provider, Licensed by Vermont Department of Banking. Licensed by the New York Department of Banking. NOT A LOAN COMPANY - WE DO NOT LEND MONEY. The Commissioner of Financial Regulation for the State of Maryland will accept all questions and complaints from Maryland residents regarding American Financial Solutions (License No.14-18) at 500 North Calvert Street, Room 402, Baltimore, MD 21202, phone number 1-888-784-0136. Corporate Address: AFS 2815 2nd Ave., Suite 280, Seattle, WA 98121. Counseling Center Located at 263 4th Street, Bremerton WA 98337. Copyright © 2006 - American Financial Solutions is a division of the North Seattle Community College Foundation.