LOANSENSE REFINANCING CALCULATOR HEADER
Should I consolidate my first and second mortgage and refinance into a single mortgage?

Mortgage Consolidation & Refinancing Calculator



This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable).

This greatly simplifies the process of deciding whether refinancing is worthwhile. It clearly identifies whether there are any potential savings to be made.

Use the Home Loan Payment Calculator with Amortization Schedule in conjunction with this calculator to get the data for the refinancing section.

CLICK HERE FOR FREE QUOTE FROM EASY LOANS Easy-Loans (EL) is an emerging online exchange that connects interested consumers to a professional mortgage services company and its Australia wide network. Click on the blue button and fill out the online form for a free no-obligation quote.

If you have Javascript turned off in your browser you will not be able to see or use the calculator below.

Mortgage Consolidation & Refinancing Calculator V1.2

Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).

First Mortgage
Enter the principal balance of your first mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your first mortgage's current interest rate:
Second Mortgage (Optional)
Enter the principal balance of your second mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically # of points is "2", or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
This is how much your monthly payment will be if you refinance:
Monthly payment (decrease)/increase:
Number of months for interest savings to offset closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):


More Useful Loan Calculators

Loan Comparison Calculator
Loan Payment Calculator with Amortization Schedule
Mortgage Consolidation & Refinancing Calculator
Debt Consolidation Calculator
Accelerated Debt Payoff Calculator
Variable vs Fixed Rate Mortgage Calculator


Google
Web www.loansense.com.au
Click here for detailed information on the different types of home loan available in Australia.

Thank you for visiting our web-site. We hope the mortgage refinancing and consolidation calculator has proven useful.

2016 www.loansense.com.au