If you are looking to refinance your home, you may benefit greatly by using this mortgage refinance calculator (for home purchase mortgage, use Amortization-Calc's home mortgage calculator). It will help you to determine if refinancing is a good idea and what you can expect to be paying in the future. By simply putting in the cost of your mortgage, the term, the interest rate, and the location, you'll be able to find out if refinancing is a beneficial move for you, and it will help you make the correct decisions you need to remain financially sound. While you may decide to enlist professional help and consultation, this calculator is a valuable tool to get an idea of what you can plan for and how refinancing can help you. It is easy to use - you simply provide your current stats and the calculator will do the rest. This is a great start for anybody considering refinancing their home.
This mortgage refinance calculator should only be used to estimate your repayments since it doesn't include taxes or insurance.