With interest rates low again, I'm having trouble finding calculators that help analyze my situation. I haven't found one that compares what you would be willing to pay extra on your loan.
I can't find a calculator that will show me how much and long I'll be repaying my loan given my current payment details so that I could compare it to a refinanced loan.
Details:
original balance 126,825
length: 30 yr fixed
current rate: 5.25
current balance: 99,197
years remain:24 and 5 mo
Principle+interest:700.33
escrow:271.95 /month
Additional principle:281.72
Total monthly payment:1200
taxes 1650 yr
insurance 890 yr
Refinance option:
10 year fixed
4.375
Rates assume 2 discount points for an owner occupied single family residence.
I can't find a calculator that will show me how much and long I'll be repaying my loan given my current payment details so that I could compare it to a refinanced loan.
Details:
original balance 126,825
length: 30 yr fixed
current rate: 5.25
current balance: 99,197
years remain:24 and 5 mo
Principle+interest:700.33
escrow:271.95 /month
Additional principle:281.72
Total monthly payment:1200
taxes 1650 yr
insurance 890 yr
Refinance option:
10 year fixed
4.375
Rates assume 2 discount points for an owner occupied single family residence.
Facebook
Twitter