menu loanDepot.com home search Make A Payment Apply Now Mortgage Refinance Calculator Tools that can help you navigate your financial journey. Use our refinance mortgage calculator mortgage calculator Link to estimate your home loan payments. You can quickly get an idea of principal and interest payments on your mortgage refinance based on the loan amount, loan term and the interest rate. The refinance mortgage calculator gives you the option of changing the loan variables to compare the difference in estimated payments. You can also calculate FHA fha loan calculator Link , VA va loan calculator Link and Jumbo jumbo loan calculator Link . Definitions Mortgage amount Original or expected balance for your mortgage. Term in years The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years. Interest rate Annual fixed interest rate for this mortgage. Monthly payment Monthly principal and interest payment (PI). Total payments Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal. Total interest Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal. Prepayment type The frequency of prepayment. The options are none, monthly, yearly and one-time payment. Prepayment amount Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type. Start with payment This is the payment number that your prepayments will begin with. For a one-time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. If you choose to prepay with a one-time payment for payment number zero, the prepayment is assumed to happen before the first payment of the loan. Savings Total amount of interest you will save by prepaying your mortgage. Report amortization Choose how the report will display your payment schedule. Annually will summarize payments and balances by year. Monthly will show every payment for the entire term. Other Calculators 9 more calculators Purchase / Refinance arrow_forward Home Loan arrow_forward Home Loan link Refinance Interest Savings arrow_forward Mortgage Affordability arrow_forward Rent vs. Buy arrow_forward ARM vs. Fixed Rate Mortgage arrow_forward ARM vs. Fixed Rate Mortgage link Federal Housing Administration (FHA) arrow_forward Jumbo Loan arrow_forward VA Loan arrow_forward Need advice from a Licensed Loan Officer? phone_in_talk (888) 983-3240 Contact Number loanDepot Lifetime Guarantee When you fund your home loan with loanDepot, you are protected by our loanDepot Lifetime Guarantee** Learn More Learn More Hyperlink KNOWLEDGE CAFE What near zero benchmark rates mean for homebuyers Learn More Learn More Hyperlink 5 smart ways to help you get ahead financially in the New Year Learn More financial resolutions new year hyperlink Conforming loan limits increase by $26,050 to $510,400 for 2020 Learn More conforming loan limits increase for 2020 link customercare@loandepot.com mail To customercare@loandepot.com (888) 337-6888 x 6789 telephone 888 337-6888 x 6789 LinkedIn - Instagram - Instagram - LinkedIn - youtube HOME PURCHASE HOME REFINANCE LOAN OPTIONS LEGAL HELP To view legal disclosures and important notices, please click the following: Lifetime Guarantee Disclaimers Rate Assumptions Accessibility Accessibility Unsubscribe Unsubscribe NMLS#174457 - NMLS Consumer Access | ©2009-2021 loanDepot.com, LLC all rights reserved