Consumption and Real Estate
How do I calculate what my new payment would be if I refinanced my 30 yr mortgage?
Question : How do I calculate what my new payment would be if I refinanced my 30 yr mortgage?
Current rate is 6.375% fixed
Current Payment is $ 1,671.15 per month
Loan Amt: $ 242k
I have a BA-35 calculator, but can’t remember how to use it.
mortgage refinancing calculator
Best answer:
Answer by Gavin C
Go to bankrate.com or search for amortization schedule
-
-
#2 written by evensonhimself 1 year ago
make sure you add in your taxes and insurance. what kind of loan are you refinancing into? what rate, what is the new loan amount…. everyone has already asked these questions.
my website has an amortization calc http://www.firstntlmtg.com
-
#5 written by Insuranceman 1 year ago
best thing to do is google for an amortization calculator…and plug in your numbers!
What you might look into (and what I did) was to go from a thirty year mortgage to a 15 year mortgage! Cut in HALF and amazingly, the monthly payment didn’t go UP all that much! It all has to do with time and interest!
Good luck and I hope this helps!
- Comment Feed for this Post
http://www.mortgage-calc.com/mortgage/simple.php