Should I refinance my mortgage?

Refinancing your mortgage may provide a great opportunity to Shrink My Debt. By trading in your current loan for a better loan, you may be able reduce your rate and lower your monthly payment. Use this calculator to determine if refinancing your mortgage can help you reach your Shrink My Debt goal.
Current Loan Information
Current loan balance ($) 
Interest rate (%) 
Number of months remaining 
Proposed Loan Information
Interest rate on new mortgage (%) 
Number of months (30 yrs = 360) 
Points (%) 
Closing costs: ($) 

See Today's Mortgage Rates

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. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information 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.

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