Sara Zander - California Residential Loans

REFINANCE CALCULATOR

This calculator is designed to help you determine the amount you might save if you were to refinance your existing loan at a new rate and term. Of course your specific situation may vary, and there are many options available that would potentially help you save even more, such as Interest Only loans, so this is just a guide. Call me to discuss your specific needs and I will be happy to find a product that will work for you.

CURRENT MORTGAGE INFORMATION
What was the month in which this mortgage closed?
What was the year in which this mortgage closed?
What was the original amount of this mortgage?
What is the term of this mortgage?		years
What is the interest rate?
NEW MORTGAGE INFORMATION
What is the mortgage amount? (The value at right is the calculated amount you currently owe)
What is the term of this mortgage?		years
What is the interest rate?
What are your estimated closing costs, including any points paid upfront?

RESULTS
Your current monthly payment is
Your new monthly payment will be
If you refinance now, your monthly payments will be reduced by
It will take this long to "break even," or recover closing costs on the new mortgage

Mortgage analysis	CURRENT LOAN	NEW LOAN
Number of payments made so far
Number of remaining payments at refinance date
Total interest paid as of refinance date
Total unpaid interest at refinance date

Phone Sara Directly at 415-710-4395 Fax 707-586-3992
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