Refinancing

Most consumers plan to spend their extra savings due to a lower monthly payment from loan consolidation. Why spend it all, why not invest it. Our Consolidation Loan Investment Calculator shows you how to create a sizable nest egg by investing all or a portion of the monthly difference. Study the illustration and definitions, then create your own scenarios. Make sure you understand that this is a Personal Loan Consolidation , NOT a mortgage refinancing.

This particular illustration shows investing the difference of $119.00 per month with an investment rate of return of 12%. The savings in this case would be $26,368 after 10 years.

CAUTION - Please use current rates of return!

Find out how much interest you can save and how much you can reduce your monthly payment by refinancing your present mortgage. Remember to invest all or part of the diference of the monthly payment. Use our Savings Calculator to find out how much of a nest egg you can build up at varied interest rates.

How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate and closing costs. This will determine how much interest refinancing can save you. In addition, it will calculate the number of months to breakeven on closing costs with your reduced monthly payment. Click the "View Report" button for a detailed look at the results.