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refinance 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 amount of your monthly mortgage payment:
(principal and interest portion only)
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):
testimonials
“I was extremely pleased with the service and mortgage from HBS FINANCE. I checked out many lenders and found HBS FINANCE had the lowest rates and costs. They were upfront and honest with the information provided.  Without hesitation, I would recommend my friends and families who are looking for a new mortgage or refinancing.”
Thomas J.
"As a first time home buyer, we were very nervous and had a lot of questions about loan process and home buying in general. They took the time to explain how the entire process worked and made us feel confident in our decision to purchase a home. If you are looking for someone who will guide you through the process and deliver on a promise then, HBS FINANCE is who you should call.”
Chris & Laura K.

“This was our second time doing business with HBS FINANCE. After applying online we were promptly contacted by one of the loan experts. From there, we discussed all of the different options we could consider. HBS FINANCE delivered the most competitive rate and closing costs. We would like to express our sincere appreciation for all efforts.  We will refer HBS FINANCE to anyone we hear talking about refinancing or getting a new mortgage loan.”

Edward & Angelina T.