How To Use
The refinance calculator is provided to help you with general information regarding the possible benefits of refinancing your first mortgage. The results returned by this calculator should only be used as one of many factors in evaluating your options.

This calculator returns information based on your inputs regarding your existing mortgage information. It is important that you provide accurate information in order to receive more realistic results. This calculator can only provide a general overview of your situation based on the information you provide. Your mortgage company may use different information to determine eligibility and your individual results may vary from the results shown by this calculator.

Your Existing Mortgage Information
First Mortgage Balance
Estimated Home Value
Loan-to-Value (LTV) Ratio
You may not be able to qualify for refinancing because your loan-to-value ratio is > 125%. Please review some of your other options by clicking here.
Monthly Payment (Principal & interest only)
Annual Property Taxes
Annual Property Insurance
Annual Homeowner's Association (HOA) Fees (If applicable)
Total Monthly Payment (Including principal, interest, taxes, insurance & HOA fees)
Refinance Information
New Term (Select 15, 20, 30 or 40 years)	-- Select Term -- 15 20 30 40
Fixed Interest Rate
Closing Costs (Usually 1-2% of loan amount. 1.5% has been used within this example.)	1.5%
Calculate Results

Please Note:
These results have been calculated based on your inputs regarding your existing mortgage information. Your mortgage company may consider additional factors in determining your eligibility and potential savings, which may result in a different payment or savings amount.

Please save this information (as a PDF document) or email it to yourself, so that you may have it as a reference when you speak with your mortgage company or a housing counselor.

Every situation is different. The results shown below do not include the cost of Mortgage Insurance (MI), which may be required. Contact your mortgage company to determine your exact results and determine if you qualify for this option.

New Mortgage Information
Term in Years	30
Interest Rate	%
Estimated Closing Costs (This assumes closing costs are 1.5% of the mortgage balance and are included in the total amount financed.)	$0.00
Mortgage Balance	$0.00
Monthly Payment (Principal & interest only)	$1,059.82
Monthly Payment (Principal, interest, taxes, insurance & HOA fees)	$1,059.82
Monthly Payment Reduced By	$-1,059.82
You Could Potentially Save This Much Each Year On Your Payments	$-12,717.84
Your LTV is greater than 80% and you may be eligible to refinance under HARP (the government's Home Affordable Refinance Program). HARP is designed specifically to help homeowners like you who may be ineligible for traditional refinancing due to loss of home value or because they have little (or no) equity. Like other refinancing options, with HARP you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your interest rate, payment, or the length of you loan...all of which could help improve your financial situation. Home Affordable Refinance Program (HARP)
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