Keith Goeringer
Customized Lead
20 Prescott Place
TN
615-955-0461
kgoeringer@primeres.com
kgoeringer@primeres.com
Refinance Calculator
Current Loan Payment New Loan Payment Monthly Difference
- =
Monthly Interest Savings
Annual Interest Savings
Months to Breakeven
  • Original
  • Balance
  • $200,000
  • Current
  • Balance
  • $190,000
  • Loan
  • Term
  • 30
  • Interest
  • Rate
  • 5.750%
  • MI/PMI
  • 0.00
  • Annual
  • Taxes
  • $4,000
  • Annual
  • Insurance
  • $800
  • Costs @
  • 1.500%
  • Cash
  • Out
  • $0
  • New Loan
  • $193,000
  • Loan
  • Term
  • 30
  • Rate/APR
  • 4.250%
  • MI/PMI
  • 0
Rate of Return on Costs
 
 
Property Factors
 
Property Value
$250,000
Loan to Value Ratio will equal
Annual Real Estate Taxes
$4,000
Annual Cost of Insurance
$800
 
Loan Factors Current New
Original Loan Balance
$200,000
Current Balance
$190,000
Costs on New Loan
1.500%
Cash Out with New Loan
$0
Total New Loan Amount
 
Interest Rate & APR
5.750%
4.250%
Term
30
Current Monthly
30
New Monthly
P&I Payment (Click check box for IO)
Mortgage Insurance Factor
0.00
0
 
Monthly Real Estate Taxes
Monthly Cost of Insurance
 
Grand Total Payment

Mo. Payment Savings
 
Monthly Interest Savings
 
Annual Interest Savings
 
Months to Breakeven
 
Rate of Return on Costs
 
 
Pre-Payment Analysis - What happens when you add extra to the principal each month?
 
Your current Principal and Interest Payment =
 
The principal and interest payment for the proposed new loan =
 
The payment savings on the proposed new loan = add this as extra principal on the new loan (or try other amounts too)
$137
 
Your total new principal and interest payment will =
 
With the extra principal added, the term of your loan (in years) would be reduced to
 
The total term reduction = years vs. the years remaining on your current loan and that means total payment savings =
 
 
Tables for Pre-Payment Analysis
Loan and Property Factors Current Loan New Loan
 
Annual Real Estate Taxes
Annual Cost of Insurance
 
 
Original Loan Balance
Remaining Balance
Costs on New Loan
Cash Out with New Loan
Total New Loan Amount
 
 
Interest Rate & APR
Term
P&I Payment (Click check box for IO)
Extra added to principal =
Total principal and interest payment =
 
New loan term would now =
 
Mortgage Insurance (MI or PMI)
Mortgage Insurance Factor
 
Grand Total Payment
 
Calculate Your Existing Balance
 
Original Loan Balance =
 
Current Date =
 
First Payment Date =
Number of Months Paid
 
Principal Paid to Date
 
Remaining Loan Term =
 
Remaining Balance =
 
 
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