Πώς υπολογίζεται αυτό;
The calculation amortizes the remaining balance over the new term at the new fixed rate. Closing costs, cash-out proceeds, escrow and prepayment penalties are excluded unless added to the new balance.
Refinance payment formulaNew payment = P × r(1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
Ένα πρακτικό παράδειγμα
Refinancing a $280,000 balance at 5.5% for 25 years produces an estimated principal-and-interest payment near $1,720 per month before closing costs.
Υπολογισμένο αποτέλεσμα
| Remaining loan balance | New annual rate | Υπολογισμένη απάντηση |
|---|---|---|
| $224,000.00 | 5.5% | $1,271.85 |
| $280,000.00 | 5.5% | $1,589.81 |
| $336,000.00 | 5.5% | $1,907.77 |