Can I Refinance My Mortgage?

With interest rates near historic lows, many people have refinanced their mortgages. Does refinancing make sense for you? Use this calculator to help analyze your situation.
Current Loan Information
Current loan balance ($) 
Annual interest rate (%) 
Number of months remaining 
Proposed Loan Information
Annual interest rate on new mortgage (%) 
Number of months (30yrs=360) 
Loan origination fee (%) 
Other fees/discount points (%) 
Other fees: ($) 
   
This is a hypothetical example used for illustrative purposes only. The calculator assumes your mortgage is eligible for refinancing. Actual results will vary.

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