What is a Mortgage Refinance Calculator?
Our mortgage refinance calculator is an easy to use financial tool that allows you to compare your current mortgage loan with a potential mortgage loan that has different terms. This Mortgage Refinance Calculator will display a clear comparison between your current loan and a Mortgage Refinance Loan based on your input.
Who needs a Mortgage Refinance Calculator?
Anyone looking to reduce their current mortgage loan interest rates and / or monthly mortgage loan payments or someone seeking to extend the terms of their existing mortgage loan will find this calculator helpful. With today's economic and financial situations the way they are, we as consumers are learning to stretch every dollar and cut every corner to find a way to live within our means.Not surprisingly many turn to a mortgage refinance loan as a way to do this.
How does the Mortgage Refinance Calculator work?
The mortgage refinance loan calculator display a comparison between your existing mortgage loan and a refinanced loan with different interest rates or terms. This is a great way for you to see the amount you would save by refinancing.
What other financial tools are available here?
In addition to the Debt to Income Ratio Calculator above, we have created a list of helpful financial tools to assist our users in journey toward successful money management. These calculators include:
Mortgage Calculator - also known as a Mortgage Payment Calculator is a financial tool used to calculate the Estimated Mortgage Payment of a Home Loan based on Home Value, Loan Amount, Interest Rate and other variables.
Debt to Income Ratio Calculator - or Debt Calculator is a financial tool used to calculate your Debt Ratio amount using a Debt vs. Income formula.
Extra Payments Calculator - used to determine the amount of principal you save on the life of your loan based on the amount of Extra Mortgage Payments you make.
Equity Line of Credit Calculator - an Equity Loan Calculator that you can use to determine the amount of an Equity Loan that you may qualify for based on the amount of Equity you have in your Home.
How Much Can I Afford Calculator - a tool used by people who would like to know How Much House or How Much Mortgage they can afford. Your input into the Home Calculator helps us easily determine How Much House you can afford.
Mortgage Balance Calculator - Find your Mortgage Balance quickly with our Mortgage Balance Calculator. Input your information to display Mortgage Loan Balance.