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Loan
Cost Calculator
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Will
I save money if I refinance?
How
long will it take to recoup the cost?
The
calculator below is meant to help you determine whether it is cost effective
for you to refinance your existing loan. The left side of the calculator
is designed to compare your existing loan with a new loan. The right side
of the calculator will calculate the total costs of the loan and return
how many months it will cost you to recoup the costs of the new loan.
Do
not enter the ($) sign. (*)
indicates a required field. The fields inside a light
green border will automatically total for you as you enter
your information so there is no need to enter any figures in these fields.
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Will
I save money if I
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What
will this loan cost and how
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refinance
my existing loan?
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long
will it take to recoup the cost?
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| If
the new loan above has a higher interest rate and/or shorter
term, the computed totals may return a negative figure in
the "Difference in payment" box. This would make the "Months
to recoup costs" at the right also return a negative figure.
If your new loan won't save you money, there is no way to
recoup the costs of the loan. |
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/ (800) 398-0504 / copyright © 2001, Click1003. All rights reserved.
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