Mortgage Refinancing Calculator

You must enable Javascript in order to use this calculator. If you are not able to use this Javascript calculator, contact the Credit Union and we will help you with your calculations.

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Note: When entering numbers into the data fields only use numbers decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error.

The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.