Mortgage Amount:
Current Mortgage Balance:
$98,663.79
Interest Rate:
New Mortgage Balance:
$98,663.79
Amortization:
Interest on Mortgage:
$121,143.80
Payment Type:
Interest on New Mortgage:
$77,721.34
Compound Frequency:
New Interest Rate:
Interest Savings:
$43,422.46
New Amortization:
Monthly Savings:
$175.26
New Payment Type:
Compound Frequency:
The refinancing breaks even in 11 months.