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Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Enter the closing costs

Would you like to finance the closing costs?

This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
# 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):

Lets Get Started

Start your journey toward homeownership today.

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While significant efforts have been made to ensure the calculators on this page are accurate, accuracy is not guaranteed.  Results received from the calculators are estimates designed for comparative and educational purposes only.  Unless otherwise stated, payment estimates do not include taxes and insurance and the actual payment obligation may be greater. This is not a commitment to lend.  Please contact First Heritage Mortgage, LLC directly to get the figures most accurate for your particular situation.

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3201 Jermantown Road, Suite 800

Fairfax, VA 22030

Phone: 703.352.0721

Toll-Free: 866.833.LOAN

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