Current Loan — Estimated Results
New Loan — Estimated Results
Assumes fixed-rate, fully amortizing loans and scheduled monthly payments with no extra payments, missed payments, or loan modifications. The remaining balance is estimated immediately after the number of payments entered.
The new loan refinances only that estimated balance, using the new term and interest rate entered. Taxes, homeowners insurance, and HOA are assumed unchanged. Home value is informational and does not determine refinance eligibility.
Monthly totals exclude mortgage insurance. Closing costs, points, program fees, prepayment penalties, cash-out, and accrued payoff interest are excluded. Interest comparison covers the current loan’s remaining term versus the new loan’s full term, before refinance costs; it is not net savings or a break-even calculation.
Actual payoff amounts and payments may differ. This is an estimate, not a loan offer.