Refinance Calculator - Should I Refinance My Mortgage?
Should you refinance your mortgage?
Whenever interest rates drop, the appeal of refinancing your mortgage grows. But it's important to know the real costs -- and potential savings -- before making a move.
To help, U.S. News has teamed up with HSH.com, a leading publisher of mortgage and consumer loan information, to offer this easy-to-use, interactive refinancing worksheet. Homeowners can see how their existing mortgage payments might change if they were to refinance, and, just as important, how long it would take to recover any closing costs associated with refinancing.
Instructions. Just fill in the non-colored boxes with the requested information. As you tab or mouse-click through the boxes, your results will appear automatically in the colored boxes. You can change any of your entries, in case you want to try several different scenarios, but you must tab or mouse-click to another box to update your results. To use the worksheet, JavaScript must be enabled on your browser.
Prepaying: if you want to see the effect of prepayments on a mortgage, we recommend you download
The Home Buyer's Calculator for Windows. It's free, courtesy of Wheatworks Software.
Get FREE Mortgage Quotes Now
100%Safe & SecureThis worksheet was created by U.S. News in conjunction with HSH Associates.
Recommended Reading
-
Can I refinance an underwater ‘kiddie condo’?
If the home is underwater, HARP is really your only option. -
Mortgage rates level off
HSH.com releases its latest Weekly Mortgage Rates Radar showing almost no change in mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM). Average rates for these were mixed during the week ending December 11. -
5 disturbing trends emerge in reverse mortgage market
Several disturbing trends have emerged prompting some experts to advise older homeowners to think twice before considering a reverse mortgage. -
HSH.com's 2013 Outlook: 10 Thoughts for ‘13
In no particular order of importance, here are 10 issues bound to affect the markets in 2013. -
Can real estate make you rich?
Housing is still a way to build wealth, but that's typically only achieved over the long term.


