Bancgroup Mortgage Logo   David A. Pellegrino, Mortgage Consultant for Bancgroup Mortgage Corporation
Today's Mortgage Rates:
  4.25% 30-Year Fixed Rate Conforming Mortgage 4.396% APR
  4.25% 30-Year Fixed Rate FHA Mortgage 4.922% APR
  3.75% 15-Year Fixed Rate Conforming Mortgage 4.001% APR
Indices: LIBOR -- 0.99%  Treasuries -- 0.27%  Prime Rate -- 3.25%
Updated on Tuesday, August 31, 2010 12:58:20 PM -- Assumptions

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)		 $
Enter the principal and interest amount of your monthly mortgage payment:
(if you are not sure click here for a calculator)		 $
Enter the your mortgage's current interest rate: %
Enter interest rate you will be refinancing at: %
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing: $
This is how much your monthly payment will be if you refinance: $
Monthly Savings: $
Number of months to break even on 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): $

[Home] [Calculators] [FAQ] [About Me] [Referral Partners] [Contact Me] [Table of Contents] [Search] [Privacy Policy]

BancGROUPTM Mortgage Corporation is an Equal Housing Lender and Colorado, Illinois, Indiana, Wisconsin and Florida Residential Mortgage Licensee.

David A. Pellegrino -- Colorado Mortgage Loan Originator # 100017881 / National Mortgage Licensing System # 190983

1745 Shea Center Drive, Suite 130 Highlands Ranch, CO 80129-1537 -- Office: 303.542.1103 Fax: 303.542.1200

 Follow dapelleg on Twitter