Should I refinance my mortgage?
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Depending on how many months the ongoing payment savings will take to cover your upfront closing costs, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!
In addition to a monthly payment breakeven, you may want to analyze the breakeven based strictly on the monthly interest savings realized through refinancing.
Calculator Disclosures: The calculators are provided as self-help tools for your independent use and are not meant to give financial advice. We do not guarantee their suitability or accuracy for your specific situation. All examples are hypothetical and for illustration only. We recommend consulting qualified professionals for personalized advice on all personal financial matters.
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