Mortgage Refinance Calculator 2020

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looks_oneI would like to refinance to...

looks_twoYour Mortgage Information

What is the current value of your home?

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What is the remaining balance on your mortgage?

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What is the term-length and type of your current mortgage?

What is your mortgage payment and how often do you pay this amount?

Payment Frequency:

Mortgage Payment:

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What is your current mortgage interest rate?

%

looks_3 Select or Input a New Rate

Mortgage Type:

Mortgage Term:

Payment Frequency:

Amortization:

Selected Interest Rate:

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Modify the input above or select from our updated list of rates below.
Citadel Mortgages1.69%
Get Rate
Dominion Lending1.84%
Get Rate

looks_4 Mortgage Refinance Penalty Estimate

When did your current mortgage start?

If applicable, what was the rate discount you received when you signed your current mortgage agreement?

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The day you signed your mortgage, your lender may have provided you with a discount. You may be paying 3.25% but the posted rate on that day was 3.75%, a discount of 0.5%. If you are unaware of any discount, you can skip this step.

Who is your current mortgage lender?

What is TD Bank's current interest rate for a 5-year fixed rate mortgage?

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We have populated this field for you with our most up to date data. For information on why we need this field visit our Mortgage Penalty Calculator
For your remaining 60 month term you will pay...
...at the current 2.99% rate
Total Cost:$90,000.00
Principal$48,910
Interest$41,090
Your Monthly Payment:
$1,500
...at the new 2.5% rate
Total Cost:$-NaN
Principal$NaN
Interest$NaN
Your Bi-weekly Payment:
$NaN
Your estimated mortgage break penalty is...
$2,242.502.24k
You will lose around...
$41,09041k
Interest at 2.99%
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$-NaN-NaN
Interest at 2.5%
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$2,2432.24k
Mortgage Penalty
=
$-NaN-NaN
Loss
...if you decide to refinance
This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of the information shown and is not responsible for any consequence that arise from the use of the calculator and its results. Any financing products shown are subject to terms and conditions and may not be available in certain regions.