Consolidation and Refi - First Heritage Mortgage

Calculate Your Consolidation / Refi

This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage.

Not only will this calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable).

Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).

First Mortgage

Second Mortgage (Optional)

Refinancing

Enter the closing costs

Would you like to finance the closing costs?

Consolidation and Refinancing Calculator

Calculate Your Consolidation / Refi

First Mortgage

Second Mortgage (Optional)

Refinancing

Results

This is how much your monthly payment will be if you refinance:

Monthly payment (decrease)/increase:

Number of months for interest savings to offset closing costs:

This is how much interest you will pay under your current monthly payment plan:

This is how much interest you will pay under your refinanced monthly payment plan:

This is how much interest you will save if you refinance:

Net Refinancing Savings (interest savings less closing costs):