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Should I Refinance?
CURRENT MORTGAGE
NEW MORTGAGE
Years left:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Interest rate (%):
Remaining principal ($):
Term (in years):
26
27
28
29
30
Interest rate (%):
Discount points (%):
Upfront costs (legal fees, etc.)
($):
New principal
($):
patented
For fixed income quants only
And The Answer Is...
CASH FLOWS
RECOMMENDATION
Current monthly payment ($):
New monthly payment ($):
Savings per month ($):
Principal remaining after
years ($):
Total savings (in today's $):
Loss of option value
(in today's $):
Kalotay Refi Score
100% best. Refinancing not recommended below 90%.