Calculator

Mortgage Refinance Calculator

Estimate the new principal-and-interest payment after refinancing and compare it with your current mortgage payment.

ՀԱՍԿԱՑԵՔ ՊԱՏԱՍԽԱՆԸ

Ինչպե՞ս է սա հաշվարկվում։

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)

Գործնական օրինակ

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.

Հաշվարկի ենթադրություններ

  • Rates and recurring amounts stay constant for the period represented by the formula.
  • Inputs use the same monthly or annual time basis stated in each field label.
  • Taxes, fees and contractual rules are excluded unless the calculator explicitly asks for them.