Refinance Break-Even Point & Interest Savings Analysis

Enter your CURRENT LOAN Information
Select the Month you started making payments on your current loan:
Enter the Year you started making payments on your current loan:
Enter the Original Amount of your current loan:
Enter the Term of your current loan:	years
Enter the Interest Rate of your current loan:	%
Remaining balance of your current loan: (automatically calculated based on the numbers entered above)
Enter proposed NEW LOAN Information
Enter the Term of the new loan:	years
Enter Interest Rate of the new loan:	%
Enter the estimated Closing Costs (including "points," if any):

Break-Even Point Analysis
Your CURRENT monthly payment:
Your NEW monthly payment:
Monthly Savings:
Your Refinance Break-Even Point: (How long it will take for the payment savings to offset the closing costs paid)

Interest Savings Analysis	Current Loan	NEW Loan
Number of payments made:
Number of payments remaining: (as of refinance date)
Total interest paid: (as of refinance date)
Total unpaid interest: (as of refinance date)