I have seen and used various online calculators over the year.
Prior to being in the lending industry I thought that calculating a loan payment was easy. Principle and interest is fairly simply and I was excited to find out how low of a payment I could get.
Then I owned my first home and realized that there were far more things to consider then principle and interest!
Below are some of the best calculators available. There is a 4 point analysis on the true aspects of refinancing that shows the entire picture of what refinancing will cost/save.
Make your life easier and save money with these free tools in one location:
How much would my monthly payment be?
How much would my monthly payment be with an interest only adjustable rate loan?
How much can I save with a 15 year mortgage?
Can I save money by refinancing now?
How quickly can I pay off my mortgage by making additional payments?
Does it make sense to pay points to get a lower interest rate?
Should I buy a home or continue to rent?
Should I consider consolidating my debt with a cash out refinance?
- As always, feel free to contact me for questions:
- Jeff Fullmer -(208) 239-8728
- Idaho's Loan Expert- Citizens Community Bank
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