Parallel Mortgage Corp.

Refinance Calculator
Enter the principal balance of your mortgage: (call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
Enter the your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing: (If you're not sure, multiply your current balance owed by .02 )

Results
This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on 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):

Stephen Gallo, Director of Sales & Marketing
Parallel Mortgage Corp. - 555 Route 18 South – East Brunswick NJ, 08816
Office Phone: (732) 238-1100 Cell: (732) 501-3797 Fax: (732) 348-9513 Email: sgallo@parallelmtg.com

Licensed Mortgage Broker N.J. Dept. of Banking & Insurance.

NAMB - National Association of Mortgage Brokers