Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
Loan Refinance Calculator to quickly calculate how much you can save on your home loan by refinancing your current mortgage. Refinance calculator is useful for home buyers who wants to save money when interest goes lower.
Mortgage Refinance Calculator Results |
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New Monthly Payment: |
$1,738.50 | |||||
Payoff Date: |
Sep, 2039 | |||||
Closing Cost: |
$900.00 | |||||
Other Expenses: |
$200.00 | |||||
Interest Savings: |
$66,671.21 | |||||
Total Savings: |
$65,571.21 | |||||
Mortgage Refinance Amortization Schedule |
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Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $645.83 | $1,092.67 | $1,738.50 | $248,907.33 | |
Nov, 2024 | 2 | $643.01 | $1,095.49 | $1,738.50 | $247,811.84 | |
Dec, 2024 | 3 | $640.18 | $1,098.32 | $1,738.50 | $246,713.52 | |
Jan, 2025 | 4 | $637.34 | $1,101.16 | $1,738.50 | $245,612.36 | |
Feb, 2025 | 5 | $634.50 | $1,104.00 | $1,738.50 | $244,508.35 | |
Mar, 2025 | 6 | $631.65 | $1,106.86 | $1,738.50 | $243,401.49 | |
Apr, 2025 | 7 | $628.79 | $1,109.72 | $1,738.50 | $242,291.78 | |
May, 2025 | 8 | $625.92 | $1,112.58 | $1,738.50 | $241,179.20 | |
Jun, 2025 | 9 | $623.05 | $1,115.46 | $1,738.50 | $240,063.74 | |
Jul, 2025 | 10 | $620.16 | $1,118.34 | $1,738.50 | $238,945.40 | |
Aug, 2025 | 11 | $617.28 | $1,121.23 | $1,738.50 | $237,824.17 | |
Sep, 2025 | 12 | $614.38 | $1,124.12 | $1,738.50 | $236,700.05 | |
Oct, 2025 | 13 | $611.48 | $1,127.03 | $1,738.50 | $235,573.02 | |
Nov, 2025 | 14 | $608.56 | $1,129.94 | $1,738.50 | $234,443.08 | |
Dec, 2025 | 15 | $605.64 | $1,132.86 | $1,738.50 | $233,310.22 | |
Jan, 2026 | 16 | $602.72 | $1,135.79 | $1,738.50 | $232,174.44 | |
Feb, 2026 | 17 | $599.78 | $1,138.72 | $1,738.50 | $231,035.72 | |
Mar, 2026 | 18 | $596.84 | $1,141.66 | $1,738.50 | $229,894.06 | |
Apr, 2026 | 19 | $593.89 | $1,144.61 | $1,738.50 | $228,749.45 | |
May, 2026 | 20 | $590.94 | $1,147.57 | $1,738.50 | $227,601.88 | |
Jun, 2026 | 21 | $587.97 | $1,150.53 | $1,738.50 | $226,451.35 | |
Jul, 2026 | 22 | $585.00 | $1,153.50 | $1,738.50 | $225,297.84 | |
Aug, 2026 | 23 | $582.02 | $1,156.48 | $1,738.50 | $224,141.36 | |
Sep, 2026 | 24 | $579.03 | $1,159.47 | $1,738.50 | $222,981.89 | |
Oct, 2026 | 25 | $576.04 | $1,162.47 | $1,738.50 | $221,819.42 | |
Nov, 2026 | 26 | $573.03 | $1,165.47 | $1,738.50 | $220,653.95 | |
Dec, 2026 | 27 | $570.02 | $1,168.48 | $1,738.50 | $219,485.47 | |
Jan, 2027 | 28 | $567.00 | $1,171.50 | $1,738.50 | $218,313.97 | |
Feb, 2027 | 29 | $563.98 | $1,174.53 | $1,738.50 | $217,139.45 | |
Mar, 2027 | 30 | $560.94 | $1,177.56 | $1,738.50 | $215,961.89 | |
Apr, 2027 | 31 | $557.90 | $1,180.60 | $1,738.50 | $214,781.29 | |
May, 2027 | 32 | $554.85 | $1,183.65 | $1,738.50 | $213,597.64 | |
Jun, 2027 | 33 | $551.79 | $1,186.71 | $1,738.50 | $212,410.93 | |
Jul, 2027 | 34 | $548.73 | $1,189.77 | $1,738.50 | $211,221.15 | |
Aug, 2027 | 35 | $545.65 | $1,192.85 | $1,738.50 | $210,028.30 | |
Sep, 2027 | 36 | $542.57 | $1,195.93 | $1,738.50 | $208,832.37 | |
Oct, 2027 | 37 | $539.48 | $1,199.02 | $1,738.50 | $207,633.35 | |
Nov, 2027 | 38 | $536.39 | $1,202.12 | $1,738.50 | $206,431.24 | |
Dec, 2027 | 39 | $533.28 | $1,205.22 | $1,738.50 | $205,226.01 | |
Jan, 2028 | 40 | $530.17 | $1,208.34 | $1,738.50 | $204,017.68 | |
Feb, 2028 | 41 | $527.05 | $1,211.46 | $1,738.50 | $202,806.22 | |
Mar, 2028 | 42 | $523.92 | $1,214.59 | $1,738.50 | $201,591.63 | |
Apr, 2028 | 43 | $520.78 | $1,217.72 | $1,738.50 | $200,373.91 | |
May, 2028 | 44 | $517.63 | $1,220.87 | $1,738.50 | $199,153.04 | |
Jun, 2028 | 45 | $514.48 | $1,224.02 | $1,738.50 | $197,929.01 | |
Jul, 2028 | 46 | $511.32 | $1,227.19 | $1,738.50 | $196,701.83 | |
Aug, 2028 | 47 | $508.15 | $1,230.36 | $1,738.50 | $195,471.47 | |
Sep, 2028 | 48 | $504.97 | $1,233.54 | $1,738.50 | $194,237.93 | |
Oct, 2028 | 49 | $501.78 | $1,236.72 | $1,738.50 | $193,001.21 | |
Nov, 2028 | 50 | $498.59 | $1,239.92 | $1,738.50 | $191,761.30 | |
Dec, 2028 | 51 | $495.38 | $1,243.12 | $1,738.50 | $190,518.18 | |
Jan, 2029 | 52 | $492.17 | $1,246.33 | $1,738.50 | $189,271.85 | |
Feb, 2029 | 53 | $488.95 | $1,249.55 | $1,738.50 | $188,022.29 | |
Mar, 2029 | 54 | $485.72 | $1,252.78 | $1,738.50 | $186,769.52 | |
Apr, 2029 | 55 | $482.49 | $1,256.02 | $1,738.50 | $185,513.50 | |
May, 2029 | 56 | $479.24 | $1,259.26 | $1,738.50 | $184,254.24 | |
Jun, 2029 | 57 | $475.99 | $1,262.51 | $1,738.50 | $182,991.73 | |
Jul, 2029 | 58 | $472.73 | $1,265.77 | $1,738.50 | $181,725.95 | |
Aug, 2029 | 59 | $469.46 | $1,269.04 | $1,738.50 | $180,456.91 | |
Sep, 2029 | 60 | $466.18 | $1,272.32 | $1,738.50 | $179,184.59 | |
Oct, 2029 | 61 | $462.89 | $1,275.61 | $1,738.50 | $177,908.98 | |
Nov, 2029 | 62 | $459.60 | $1,278.90 | $1,738.50 | $176,630.07 | |
Dec, 2029 | 63 | $456.29 | $1,282.21 | $1,738.50 | $175,347.86 | |
Jan, 2030 | 64 | $452.98 | $1,285.52 | $1,738.50 | $174,062.34 | |
Feb, 2030 | 65 | $449.66 | $1,288.84 | $1,738.50 | $172,773.50 | |
Mar, 2030 | 66 | $446.33 | $1,292.17 | $1,738.50 | $171,481.33 | |
Apr, 2030 | 67 | $442.99 | $1,295.51 | $1,738.50 | $170,185.82 | |
May, 2030 | 68 | $439.65 | $1,298.86 | $1,738.50 | $168,886.96 | |
Jun, 2030 | 69 | $436.29 | $1,302.21 | $1,738.50 | $167,584.75 | |
Jul, 2030 | 70 | $432.93 | $1,305.58 | $1,738.50 | $166,279.17 | |
Aug, 2030 | 71 | $429.55 | $1,308.95 | $1,738.50 | $164,970.22 | |
Sep, 2030 | 72 | $426.17 | $1,312.33 | $1,738.50 | $163,657.89 | |
Oct, 2030 | 73 | $422.78 | $1,315.72 | $1,738.50 | $162,342.17 | |
Nov, 2030 | 74 | $419.38 | $1,319.12 | $1,738.50 | $161,023.06 | |
Dec, 2030 | 75 | $415.98 | $1,322.53 | $1,738.50 | $159,700.53 | |
Jan, 2031 | 76 | $412.56 | $1,325.94 | $1,738.50 | $158,374.58 | |
Feb, 2031 | 77 | $409.13 | $1,329.37 | $1,738.50 | $157,045.22 | |
Mar, 2031 | 78 | $405.70 | $1,332.80 | $1,738.50 | $155,712.41 | |
Apr, 2031 | 79 | $402.26 | $1,336.25 | $1,738.50 | $154,376.17 | |
May, 2031 | 80 | $398.81 | $1,339.70 | $1,738.50 | $153,036.47 | |
Jun, 2031 | 81 | $395.34 | $1,343.16 | $1,738.50 | $151,693.31 | |
Jul, 2031 | 82 | $391.87 | $1,346.63 | $1,738.50 | $150,346.68 | |
Aug, 2031 | 83 | $388.40 | $1,350.11 | $1,738.50 | $148,996.57 | |
Sep, 2031 | 84 | $384.91 | $1,353.60 | $1,738.50 | $147,642.98 | |
Oct, 2031 | 85 | $381.41 | $1,357.09 | $1,738.50 | $146,285.89 | |
Nov, 2031 | 86 | $377.91 | $1,360.60 | $1,738.50 | $144,925.29 | |
Dec, 2031 | 87 | $374.39 | $1,364.11 | $1,738.50 | $143,561.18 | |
Jan, 2032 | 88 | $370.87 | $1,367.64 | $1,738.50 | $142,193.54 | |
Feb, 2032 | 89 | $367.33 | $1,371.17 | $1,738.50 | $140,822.37 | |
Mar, 2032 | 90 | $363.79 | $1,374.71 | $1,738.50 | $139,447.66 | |
Apr, 2032 | 91 | $360.24 | $1,378.26 | $1,738.50 | $138,069.39 | |
May, 2032 | 92 | $356.68 | $1,381.82 | $1,738.50 | $136,687.57 | |
Jun, 2032 | 93 | $353.11 | $1,385.39 | $1,738.50 | $135,302.18 | |
Jul, 2032 | 94 | $349.53 | $1,388.97 | $1,738.50 | $133,913.20 | |
Aug, 2032 | 95 | $345.94 | $1,392.56 | $1,738.50 | $132,520.64 | |
Sep, 2032 | 96 | $342.34 | $1,396.16 | $1,738.50 | $131,124.48 | |
Oct, 2032 | 97 | $338.74 | $1,399.76 | $1,738.50 | $129,724.72 | |
Nov, 2032 | 98 | $335.12 | $1,403.38 | $1,738.50 | $128,321.34 | |
Dec, 2032 | 99 | $331.50 | $1,407.01 | $1,738.50 | $126,914.33 | |
Jan, 2033 | 100 | $327.86 | $1,410.64 | $1,738.50 | $125,503.69 | |
Feb, 2033 | 101 | $324.22 | $1,414.29 | $1,738.50 | $124,089.41 | |
Mar, 2033 | 102 | $320.56 | $1,417.94 | $1,738.50 | $122,671.47 | |
Apr, 2033 | 103 | $316.90 | $1,421.60 | $1,738.50 | $121,249.86 | |
May, 2033 | 104 | $313.23 | $1,425.27 | $1,738.50 | $119,824.59 | |
Jun, 2033 | 105 | $309.55 | $1,428.96 | $1,738.50 | $118,395.63 | |
Jul, 2033 | 106 | $305.86 | $1,432.65 | $1,738.50 | $116,962.99 | |
Aug, 2033 | 107 | $302.15 | $1,436.35 | $1,738.50 | $115,526.64 | |
Sep, 2033 | 108 | $298.44 | $1,440.06 | $1,738.50 | $114,086.58 | |
Oct, 2033 | 109 | $294.72 | $1,443.78 | $1,738.50 | $112,642.80 | |
Nov, 2033 | 110 | $290.99 | $1,447.51 | $1,738.50 | $111,195.29 | |
Dec, 2033 | 111 | $287.25 | $1,451.25 | $1,738.50 | $109,744.04 | |
Jan, 2034 | 112 | $283.51 | $1,455.00 | $1,738.50 | $108,289.04 | |
Feb, 2034 | 113 | $279.75 | $1,458.76 | $1,738.50 | $106,830.29 | |
Mar, 2034 | 114 | $275.98 | $1,462.52 | $1,738.50 | $105,367.76 | |
Apr, 2034 | 115 | $272.20 | $1,466.30 | $1,738.50 | $103,901.46 | |
May, 2034 | 116 | $268.41 | $1,470.09 | $1,738.50 | $102,431.37 | |
Jun, 2034 | 117 | $264.61 | $1,473.89 | $1,738.50 | $100,957.48 | |
Jul, 2034 | 118 | $260.81 | $1,477.70 | $1,738.50 | $99,479.78 | |
Aug, 2034 | 119 | $256.99 | $1,481.51 | $1,738.50 | $97,998.27 | |
Sep, 2034 | 120 | $253.16 | $1,485.34 | $1,738.50 | $96,512.93 | |
Oct, 2034 | 121 | $249.33 | $1,489.18 | $1,738.50 | $95,023.75 | |
Nov, 2034 | 122 | $245.48 | $1,493.03 | $1,738.50 | $93,530.72 | |
Dec, 2034 | 123 | $241.62 | $1,496.88 | $1,738.50 | $92,033.84 | |
Jan, 2035 | 124 | $237.75 | $1,500.75 | $1,738.50 | $90,533.09 | |
Feb, 2035 | 125 | $233.88 | $1,504.63 | $1,738.50 | $89,028.47 | |
Mar, 2035 | 126 | $229.99 | $1,508.51 | $1,738.50 | $87,519.95 | |
Apr, 2035 | 127 | $226.09 | $1,512.41 | $1,738.50 | $86,007.54 | |
May, 2035 | 128 | $222.19 | $1,516.32 | $1,738.50 | $84,491.23 | |
Jun, 2035 | 129 | $218.27 | $1,520.23 | $1,738.50 | $82,970.99 | |
Jul, 2035 | 130 | $214.34 | $1,524.16 | $1,738.50 | $81,446.83 | |
Aug, 2035 | 131 | $210.40 | $1,528.10 | $1,738.50 | $79,918.73 | |
Sep, 2035 | 132 | $206.46 | $1,532.05 | $1,738.50 | $78,386.69 | |
Oct, 2035 | 133 | $202.50 | $1,536.00 | $1,738.50 | $76,850.68 | |
Nov, 2035 | 134 | $198.53 | $1,539.97 | $1,738.50 | $75,310.71 | |
Dec, 2035 | 135 | $194.55 | $1,543.95 | $1,738.50 | $73,766.76 | |
Jan, 2036 | 136 | $190.56 | $1,547.94 | $1,738.50 | $72,218.82 | |
Feb, 2036 | 137 | $186.57 | $1,551.94 | $1,738.50 | $70,666.88 | |
Mar, 2036 | 138 | $182.56 | $1,555.95 | $1,738.50 | $69,110.94 | |
Apr, 2036 | 139 | $178.54 | $1,559.97 | $1,738.50 | $67,550.97 | |
May, 2036 | 140 | $174.51 | $1,564.00 | $1,738.50 | $65,986.97 | |
Jun, 2036 | 141 | $170.47 | $1,568.04 | $1,738.50 | $64,418.94 | |
Jul, 2036 | 142 | $166.42 | $1,572.09 | $1,738.50 | $62,846.85 | |
Aug, 2036 | 143 | $162.35 | $1,576.15 | $1,738.50 | $61,270.70 | |
Sep, 2036 | 144 | $158.28 | $1,580.22 | $1,738.50 | $59,690.48 | |
Oct, 2036 | 145 | $154.20 | $1,584.30 | $1,738.50 | $58,106.18 | |
Nov, 2036 | 146 | $150.11 | $1,588.40 | $1,738.50 | $56,517.78 | |
Dec, 2036 | 147 | $146.00 | $1,592.50 | $1,738.50 | $54,925.28 | |
Jan, 2037 | 148 | $141.89 | $1,596.61 | $1,738.50 | $53,328.67 | |
Feb, 2037 | 149 | $137.77 | $1,600.74 | $1,738.50 | $51,727.93 | |
Mar, 2037 | 150 | $133.63 | $1,604.87 | $1,738.50 | $50,123.06 | |
Apr, 2037 | 151 | $129.48 | $1,609.02 | $1,738.50 | $48,514.04 | |
May, 2037 | 152 | $125.33 | $1,613.18 | $1,738.50 | $46,900.87 | |
Jun, 2037 | 153 | $121.16 | $1,617.34 | $1,738.50 | $45,283.52 | |
Jul, 2037 | 154 | $116.98 | $1,621.52 | $1,738.50 | $43,662.00 | |
Aug, 2037 | 155 | $112.79 | $1,625.71 | $1,738.50 | $42,036.29 | |
Sep, 2037 | 156 | $108.59 | $1,629.91 | $1,738.50 | $40,406.38 | |
Oct, 2037 | 157 | $104.38 | $1,634.12 | $1,738.50 | $38,772.26 | |
Nov, 2037 | 158 | $100.16 | $1,638.34 | $1,738.50 | $37,133.92 | |
Dec, 2037 | 159 | $95.93 | $1,642.57 | $1,738.50 | $35,491.35 | |
Jan, 2038 | 160 | $91.69 | $1,646.82 | $1,738.50 | $33,844.53 | |
Feb, 2038 | 161 | $87.43 | $1,651.07 | $1,738.50 | $32,193.46 | |
Mar, 2038 | 162 | $83.17 | $1,655.34 | $1,738.50 | $30,538.12 | |
Apr, 2038 | 163 | $78.89 | $1,659.61 | $1,738.50 | $28,878.51 | |
May, 2038 | 164 | $74.60 | $1,663.90 | $1,738.50 | $27,214.61 | |
Jun, 2038 | 165 | $70.30 | $1,668.20 | $1,738.50 | $25,546.41 | |
Jul, 2038 | 166 | $65.99 | $1,672.51 | $1,738.50 | $23,873.90 | |
Aug, 2038 | 167 | $61.67 | $1,676.83 | $1,738.50 | $22,197.07 | |
Sep, 2038 | 168 | $57.34 | $1,681.16 | $1,738.50 | $20,515.91 | |
Oct, 2038 | 169 | $53.00 | $1,685.50 | $1,738.50 | $18,830.41 | |
Nov, 2038 | 170 | $48.65 | $1,689.86 | $1,738.50 | $17,140.55 | |
Dec, 2038 | 171 | $44.28 | $1,694.22 | $1,738.50 | $15,446.33 | |
Jan, 2039 | 172 | $39.90 | $1,698.60 | $1,738.50 | $13,747.73 | |
Feb, 2039 | 173 | $35.51 | $1,702.99 | $1,738.50 | $12,044.74 | |
Mar, 2039 | 174 | $31.12 | $1,707.39 | $1,738.50 | $10,337.35 | |
Apr, 2039 | 175 | $26.70 | $1,711.80 | $1,738.50 | $8,625.55 | |
May, 2039 | 176 | $22.28 | $1,716.22 | $1,738.50 | $6,909.33 | |
Jun, 2039 | 177 | $17.85 | $1,720.65 | $1,738.50 | $5,188.68 | |
Jul, 2039 | 178 | $13.40 | $1,725.10 | $1,738.50 | $3,463.58 | |
Aug, 2039 | 179 | $8.95 | $1,729.56 | $1,738.50 | $1,734.02 | |
Sep, 2039 | 180 | $4.48 | $1,734.02 | $1,738.50 | $0.00 | |
Original vs. Mortgage Refinance |
||||||
Original | Mortgage Refinance | |||||
Monthly Payment | $1,246.87 | $1,738.50 | ||||
Total Interest | $129,601.78 | $62,930.57 | ||||
Total Principal | $250,000.00 | $250,000.00 | ||||
Total Payment | $379,601.78 | $312,930.57 | ||||
Closing Cost | $0 | $900.00 | ||||
Other Expenses | $0 | $200.00 | ||||
Total Interest Savings | $0 | $66,671.21 | ||||
Total Savings | $0 | $65,571.21 | ||||
Payoff Date | Feb, 2050 | Sep, 2039 |
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