Downtown Jersey City Waterfront during a beautiful sunset

Compare 2 Existing Amortizing Loans Of Different Terms To A Potential New Loan.

This mortgage calculator will allow you to compare two existing mortgages and the payments and amortization schedules to a potential new mortgage. For example, you can input your current mortgage details and compare them to a new mortgage with a different interest rate or term.  Your new mortgage might entail taking equity out of your home (borrowing more than your existing loan), and you may forecast that you plan only to be in the house for a lesser period than it takes to pay off the new loan.  Based on these parameters, you can modify the input and generate a comparative amortization schedule.  This mortgage calculator has much more utility than your basic mortgage calculator.  

Mortgage Refinancing Calculator Example:

Refinancing your mortgage? Try this simple mortgage calculator comparing cash flows: Compare (Old) Mortgage To (New) Mortgage.  You can indicate an early payoff if you plan on selling your home before the mortgage is fully amortized.  If you would like to consider present value, try: Compare (Old) Loan To (New) Loan Using Present Value.

Free calculator displaing an amortization schedule and helping homeowners understand the amount of money they will save by refinance there mortgage.