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Refinance Calculator

Calc Refinance Calculator

Current Loan

$.00
%
months
months

New Loan

$
%
months

Savings & Details

$114.23

$

$27,415.20

Current Loan

$257,436.72

$

$1,995.91

$479,018.40

$221,581.68

New Loan

$257,436.72

$

$1,881.68

$451,603.20

$194,166.48

Difference

$0.00

$

$-114.23

$

$-27,415.20

$-27,415.20

Disclaimer

In order to receive a helpful estimate, it’s important that you input accurate information.

Results in no way indicate approval or financing of a mortgage loan. Contact a mortgage lender to understand your personalized financing options.

Helpful Need To Knows about Mortgages

Florida Mortgage Rates
30 Year Fixed7.15%-0.07
15 Year Fixed6.25%-0.15
5/1 ARM6.81%-0.13
Source: Mortgage Rates

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First-Time Home Buyer Loans and Grants for 2024

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by | June 23, 2024 | Finance, Home Improvement | 0 Comments

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Original Loan AmountThe amount specified in the mortgage contract that the borrower agrees to pay back.InterestThe percentage of the loan amount that you pay to the lender as a fee for borrowing the money. Interest rates can be fixed (remain constant throughout the loan term) or variable (change periodically based on market conditions).Loan TermThe loan term is the duration over which you agree to repay the loan. Common home loan terms include 15, 20, or 30 years.New Loan TermTooltip contentRemaining Time on TermThe remaiaing time that is left to pay the loan.New Loan AmountThe new amount specified in the mortgage contract that the borrower agrees to pay back.New Interest RateThe new percentage of the loan amount that you pay to the lender as a fee for borrowing the money. New Loan TermThe length of time you agreed to pay off your new loan.Monthly SavingsThe monthly amount you save after refinancing.Interest SavingsThe total amount on interest you save after refinancing.