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 our refinance calculator to analyze your situation today!
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 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.

These calculators are for information, education, and entertainment purposes only. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.

By entering this section of the Commerce Bank web site, you acknowledge your understanding and acceptance of the terms of its use.

Powered By CalcXML Calculators For Websites