Should I Refinance?
Input Information
Before Refinance
After Refinance
Amount :
($)
Interest Rate :
(%)
(%)
Length :
(Yrs)
(Yrs)
Months Paid :
(Mts)
Years Before Sell :
(Yrs)
Fees and Points
Points :
(%)
Origination Fees :
(%)
Closing Cost :
($)
Your Taxes Rates
Tax Rate :
(%)
State Tax Rate :
(%)
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Show Schedule Table
Financial Analysis
Before Refinance
After Refinance
Monthly Payment :
$1,304.12
$1,111.94
Total Monthly Payments :
$78,247.10
$66,716.40
Monthly Payment Savings :
$11,530.70
Total Interest Paid :
$51,307.55
$45,362.59
Tax Savings :
$15,905.34
$14,062.40
Tax Saving Losses :
$1,842.94
Balance at Refinance :
$228,745.59
Points Value :
$2,287.46
Refinance amount :
$228,745.59
Balance at Sale :
$201,806.04
$207,391.78
Balance Losses :
$5,585.74
Total Losses :
$7,428.68
Total Closing Cost :
$3,487.46
Total Savings :
$11,530.70
Total Benefit
(Savings - Losses - Closing) :
$614.57
Garth Stevens
Dakota Tech Builders
Realty Lending
P:
800.804.6840 x 2000
E:
info@hylandparkheights.com
Hyland Park Heights
P:
800.804.6840 x 2000
E:
info@hylandparkheights.com
copyright 2007 Hyland Park Heights
Equal Housing Lender
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