These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Jay Patel

Certified Mortgage Consultant

NMLS #274709, Over 25 Yrs Exp.

(714) 970-0882

Simple Refinance Analysis
Enter the expected number of years until sale or refinance
Enter the Terms of Your Existing Loan     Current
The original balance of my current loan was
Monthly Principal and Interest Payment
Enter the Terms of the Proposed Loan     Proposed
Loan Amount
Monthly Principal and Interest Payment
Monthly Savings vs. Current Loan
Approximate Closing Costs as a percent of loan amount at
Months to Recoup Closing Costs
Total Payment Savings over the number of years selected
Total Payment Savings less Closing Costs
This is a basic analysis of the potential value of refinancing and is a great place to start. Other more sophisticated calculators are available, yet if value is evidenced here, it's almost always a good indication of the overall potential savings. Deeper analysis can be warranted, yet if used correctly, a cash flow improvement and expected ownership beyond the break-even point can be reason enough to take advantage of refinancing opportunities.

The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

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