Should I Refinance My Mortgage?

Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have crept up over the last couple of months, refinancing may make sense for you. Use the calculator to analyze your situation.
Current Loan Information
Current loan balance ($)  
Annual interest rate  
Number of months remaining  
Proposed Loan Information
Annual interest rate on new mortgage: (%)  
Number of months (30 yrs = 360)  
Loan origination fee: (%)  
Other fees/discount points: (%)  
Other fees: ($) ($)  
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.