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Refinance Calculator
Posted on 5/3/19 at 7:33 am
Posted on 5/3/19 at 7:33 am
Anyone have a refinance calculator where I can see how much I would save if I refinanced a loan.
I have a loan and made a big principal payment and would like to determine if it is worth it to refinance. This is not a mortgage so no origination fee. It would basically be to see how much interest would be saved.
I have a loan and made a big principal payment and would like to determine if it is worth it to refinance. This is not a mortgage so no origination fee. It would basically be to see how much interest would be saved.
4
Posted on 5/3/19 at 7:39 am to WPBTiger
There are some good mortgage style apps that can be downloaded. A lot of useful calculators built into one app.
Posted on 5/3/19 at 9:16 am to WPBTiger
https://www.bankrate.com/calculators/mortgages/refinance-calculator.aspx
just put 0 in for whatever fees u dont want it to consider
just put 0 in for whatever fees u dont want it to consider
Posted on 5/3/19 at 9:45 am to gpburdell
quote:
gpburdell
Posted on 5/3/19 at 12:31 pm to WPBTiger
quote:
I have a loan and made a big principal payment and would like to determine if it is worth it to refinance.
Before refinancing look to see if your mortgage servicer will recast. Not all banks provide this, but many do. This will reset the payments based on the new principal, keeping your existing mortgage with the new amortization schedule.
Posted on 5/3/19 at 1:12 pm to WPBTiger
Dinkytown has the best financial calculators of all kinds:
Dinkytown (don't be fooled by the silly name)
Dinkytown (don't be fooled by the silly name)
Posted on 5/3/19 at 6:13 pm to HYDRebs
quote:
Before refinancing look to see if your mortgage servicer will recast. Not all banks provide this, but many do. This will reset the payments based on the new principal, keeping your existing mortgage with the new amortization schedule.
Negative, I asked this when I took out original loan as I knew ahead of time I would be making a principal payment.
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