How much can I save?
When is the right time to refinance and is it worth it? Our home loan refinance calculator can give you a rough estimate of how much money you may save by refinancing your mortgage to a lower interest rate or new loan term as well as an estimate of your new monthly mortgage payment. (Note: based on the variables you enter, your savings may be negative.) Lowering your rate can not only save you money each month, but thousands of dollars in interest throughout the life of your loan.
Savings Every Month
Keep in mind that a Refinance Calculator provides a rough estimate of how much you can save with a refinance. For example, the calculator does not display whether or not you will save money over the life of your loan. Also, the calculator does not take into account other aspects of your financial situation, such as the benefits of refinancing to get cash out to pay off high-interest credit card debt.
To get a personalized refinance review, contact one of our Home Loan specialists who can answer your questions and provide you financing options.
Find out more about how to compare mortgage rates.
Get started today by getting a personalized evaluation of your home loan options from Freedom Mortgage.