It estimates how many months you would have to remain in your current to break even on the refinancing. After this initial period, you would save money by financing. The information shown above makes several assumptions. Among them - that you will add the cost of refinancing into the new mortgage. In value to reflect this contribution to the transaction.
Every case is different and requires individual attention.
The figures generated by this calculator are intended as a guide and you should consult a mortgage lender for the specifics of your case. To select a blue area, simply click on it. Enter the Annual Interest Rate on your current loan. Enter here the total of all these percentages. Total these fixed fees and enter the number here.