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Refinance Calculator

This calculator will determine savings (if any) if a mortgage loan is refinanced. You will need to have information on the current mortgage; the term, how long you have had the current loan, the current mortgage loan balance, and the current interest rate. After entering the new loan information; the new loan balance, the new term, the new interest rate, and the estimated percentage of your closing costs, the calculator will give you the estimated savings (if any).

Original loan information:
What is the original term of your current loan:
Years
How long have you had this loan:
Years Months
What is the current balance of this loan:
$
What is the interest rate of this loan:
%
New loan information:
What is the new loan amount:
$
What is the new term of the loan:
Years
What is the new interest rate of the loan:
%
What is the estimated closing cost:
%
How long do you plan to stay after you refinance:
Years
 
Results:
 


Disclaimer: Our calculators are presented strictly for illustrative purposes. They do not constitute an offer to lend or provide a stated return on shares. All results disclosed by the calculators are estimates, and the credit union assumes no liability or responsibility for computational errors. The credit union makes no guarantee or representation that you will qualify for any particular loan or loan terms, or guaranteed calculated return on shares.

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Your savings federally insured to at least $250,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
Your savings federally insured to at least $250,000 through the National Credit Union Administration (a U.S. Government Agency) and backed by the full faith and credit of the United States Government.
University Credit Union is an Equal Housing Lender.
University Credit Union is an Equal Housing Lender.

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