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Display Only Version

The following Mortgage Consolidation & Refinancing Calculator V1 is a Display Only Version for the purpose of showing you the inputs, outputs and layout of the calculator.

To access a working copy of the Mortgage Consolidation & Refinancing Calculator V1, or any of our other 140 commercial website calculators, please visit our Commercial Calculator Center.

This calculator will help your website's users to answer the question ... Should I consolidate my first and second mortgage and refinance into a single mortgage?

Mortgage Consolidation & Refinancing Calculator V1
This calculator will help you to decide whether or not it would be advantageous for you to consolidate a first and second mortgage and refinance into a single mortgage with 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.
First Mortgage
Enter the principal balance of your first 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 your first mortgage's current interest rate:
Second Mortgage
Enter the principal balance of your second 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 your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs : (Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?

This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
Number of months for interest savings to offset 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):

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Home > Commercial Calculators > Display-Only Index > Mortgage Consolidation & Refinancing Calculator V1

Contact: Dan Peterson
P.O. Box 11
Bemidji, MN 56619
(218) 243-2263