aboutMYmortgage.com’s Refinance Estimator is a great tool for you to see if refinancing is in your best interest. The Refinance Estimator provides you with an analysis of your current mortgage loan as well as a comparison to any refinance loan you may be considering. Just input the loan terms you would like to evaluate and the estimator does
Our Refinance Estimator also has an easy to read Loan Amortization chart so you can see:
1. How much of your monthly payment goes towards your principle
2. How much of your monthly payment is allocated to your interest
3. Total amount of principle you have paid down
4. Total amount of principle remaining to be paid
5. Total amount of interest you have paid
NOTE: The Refinance Estimator is provided by aboutMYmortgage.com, LLC (AMM) and is for informational and directional purposes only. Actual mortgage data can be obtained by talking directly with your mortgage servicer. AMM provides the Excel workbook and the included data it contains “as is,” and you use this at your own risk. AMM makes no warranties as to performance, merchantability, fitness for a particular purpose, or any other warranties whether expressed or implied. No oral or written communication from or information provided by AMM shall create a warranty. Under no circumstances shall AMM be liable for direct, indirect, special, incidental, or consequential damages resulting from the use, misuse, or inability to use this Excel workbook and the included data, even if AMM has been advised of the possibility of such damages.