Determining the economic benefits would depend on many factors, i.e., 1) what is the rate on your existing loan, 2) what is the current rate at which you can refinance, 3) what will it cost you to refinance, 4) how long do you expect to hold the property hence hold the loan, and 5) what is the time value of money.
The calculators on this website are set up expressly to 1) allow the user the ability to focus on how each of the above factors may affect the potential economic benefit of refinancing an existing loan and 2) help take the user step by step through the process of understanding the application of these factors. If you need to know more, click here to continue reading on the next page. Our mortgage loan calculators offer 30-year, 25-year, 20-year, 15-year, and 10-year amortization schedules.
Some mortgage calculators apply present value, but those have not yet been posted, so return later.