Mortgage Amount: |
|
Current Mortgage Balance: |
$98,663.79 |
Interest Rate: |
|
New Mortgage Balance: |
$98,663.79 |
Mortgage Amortization: |
|
Interest on Mortgage: |
$121,143.80 |
Payment Type: |
|
Interest on New Mortgage: |
$77,721.34 |
Payments Made: |
|
|
|
New Interest Rate: |
|
Interest Savings: |
$43,422.46 |
New Mortgage Amortization: |
|
Monthly Savings: |
$175.26 |
New Payment Type: |
|
|
Prepayment Penalties: |
|
|
Closing Costs: |
|
|
|
The refinancing breaks even in 11 months. |
|