Refinancing
Calculator
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.
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