Refinance Interest Savings

How much interest can you save if you refinance your mortgage? This calculator[cite::620::cite] helps you find out. Enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate and closing costs. This will determine how much interest refinancing can save you. In addition, it'll calculate the number of months to breakeven on closing costs with your reduced monthly payment. Click the "View Report" button for a detailed look at the results.