Refinance Amortization Calculator is a tool to see the new monthly payment after refinancing an existing loan.
Mortgage Refinance Calculator Results |
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New Monthly Payment: |
$1,256.07 | |||||
Payoff Date: |
Feb, 2038 | |||||
Closing Cost: |
$3,000.00 | |||||
Other Expenses: |
$0.00 | |||||
Interest Savings: |
$26,414.55 | |||||
Total Savings: |
$23,414.55 | |||||
Mortgage Refinance Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Mar, 2023 | 1 | $472.50 | $783.57 | $1,256.07 | $179,216.43 | |
| Apr, 2023 | 2 | $470.44 | $785.63 | $1,256.07 | $178,430.80 | |
| May, 2023 | 3 | $468.38 | $787.69 | $1,256.07 | $177,643.10 | |
| Jun, 2023 | 4 | $466.31 | $789.76 | $1,256.07 | $176,853.34 | |
| Jul, 2023 | 5 | $464.24 | $791.83 | $1,256.07 | $176,061.51 | |
| Aug, 2023 | 6 | $462.16 | $793.91 | $1,256.07 | $175,267.60 | |
| Sep, 2023 | 7 | $460.08 | $796.00 | $1,256.07 | $174,471.60 | |
| Oct, 2023 | 8 | $457.99 | $798.09 | $1,256.07 | $173,673.51 | |
| Nov, 2023 | 9 | $455.89 | $800.18 | $1,256.07 | $172,873.33 | |
| Dec, 2023 | 10 | $453.79 | $802.28 | $1,256.07 | $172,071.05 | |
| Jan, 2024 | 11 | $451.69 | $804.39 | $1,256.07 | $171,266.67 | |
| Feb, 2024 | 12 | $449.57 | $806.50 | $1,256.07 | $170,460.17 | |
| Mar, 2024 | 13 | $447.46 | $808.62 | $1,256.07 | $169,651.55 | |
| Apr, 2024 | 14 | $445.34 | $810.74 | $1,256.07 | $168,840.81 | |
| May, 2024 | 15 | $443.21 | $812.87 | $1,256.07 | $168,027.95 | |
| Jun, 2024 | 16 | $441.07 | $815.00 | $1,256.07 | $167,212.95 | |
| Jul, 2024 | 17 | $438.93 | $817.14 | $1,256.07 | $166,395.81 | |
| Aug, 2024 | 18 | $436.79 | $819.28 | $1,256.07 | $165,576.52 | |
| Sep, 2024 | 19 | $434.64 | $821.44 | $1,256.07 | $164,755.09 | |
| Oct, 2024 | 20 | $432.48 | $823.59 | $1,256.07 | $163,931.50 | |
| Nov, 2024 | 21 | $430.32 | $825.75 | $1,256.07 | $163,105.74 | |
| Dec, 2024 | 22 | $428.15 | $827.92 | $1,256.07 | $162,277.82 | |
| Jan, 2025 | 23 | $425.98 | $830.09 | $1,256.07 | $161,447.73 | |
| Feb, 2025 | 24 | $423.80 | $832.27 | $1,256.07 | $160,615.45 | |
| Mar, 2025 | 25 | $421.62 | $834.46 | $1,256.07 | $159,780.99 | |
| Apr, 2025 | 26 | $419.43 | $836.65 | $1,256.07 | $158,944.35 | |
| May, 2025 | 27 | $417.23 | $838.84 | $1,256.07 | $158,105.50 | |
| Jun, 2025 | 28 | $415.03 | $841.05 | $1,256.07 | $157,264.45 | |
| Jul, 2025 | 29 | $412.82 | $843.25 | $1,256.07 | $156,421.20 | |
| Aug, 2025 | 30 | $410.61 | $845.47 | $1,256.07 | $155,575.73 | |
| Sep, 2025 | 31 | $408.39 | $847.69 | $1,256.07 | $154,728.05 | |
| Oct, 2025 | 32 | $406.16 | $849.91 | $1,256.07 | $153,878.13 | |
| Nov, 2025 | 33 | $403.93 | $852.14 | $1,256.07 | $153,025.99 | |
| Dec, 2025 | 34 | $401.69 | $854.38 | $1,256.07 | $152,171.61 | |
| Jan, 2026 | 35 | $399.45 | $856.62 | $1,256.07 | $151,314.99 | |
| Feb, 2026 | 36 | $397.20 | $858.87 | $1,256.07 | $150,456.11 | |
| Mar, 2026 | 37 | $394.95 | $861.13 | $1,256.07 | $149,594.99 | |
| Apr, 2026 | 38 | $392.69 | $863.39 | $1,256.07 | $148,731.60 | |
| May, 2026 | 39 | $390.42 | $865.65 | $1,256.07 | $147,865.95 | |
| Jun, 2026 | 40 | $388.15 | $867.93 | $1,256.07 | $146,998.02 | |
| Jul, 2026 | 41 | $385.87 | $870.20 | $1,256.07 | $146,127.82 | |
| Aug, 2026 | 42 | $383.59 | $872.49 | $1,256.07 | $145,255.33 | |
| Sep, 2026 | 43 | $381.30 | $874.78 | $1,256.07 | $144,380.55 | |
| Oct, 2026 | 44 | $379.00 | $877.07 | $1,256.07 | $143,503.48 | |
| Nov, 2026 | 45 | $376.70 | $879.38 | $1,256.07 | $142,624.10 | |
| Dec, 2026 | 46 | $374.39 | $881.69 | $1,256.07 | $141,742.41 | |
| Jan, 2027 | 47 | $372.07 | $884.00 | $1,256.07 | $140,858.41 | |
| Feb, 2027 | 48 | $369.75 | $886.32 | $1,256.07 | $139,972.09 | |
| Mar, 2027 | 49 | $367.43 | $888.65 | $1,256.07 | $139,083.45 | |
| Apr, 2027 | 50 | $365.09 | $890.98 | $1,256.07 | $138,192.47 | |
| May, 2027 | 51 | $362.76 | $893.32 | $1,256.07 | $137,299.15 | |
| Jun, 2027 | 52 | $360.41 | $895.66 | $1,256.07 | $136,403.49 | |
| Jul, 2027 | 53 | $358.06 | $898.01 | $1,256.07 | $135,505.47 | |
| Aug, 2027 | 54 | $355.70 | $900.37 | $1,256.07 | $134,605.10 | |
| Sep, 2027 | 55 | $353.34 | $902.74 | $1,256.07 | $133,702.36 | |
| Oct, 2027 | 56 | $350.97 | $905.10 | $1,256.07 | $132,797.26 | |
| Nov, 2027 | 57 | $348.59 | $907.48 | $1,256.07 | $131,889.78 | |
| Dec, 2027 | 58 | $346.21 | $909.86 | $1,256.07 | $130,979.92 | |
| Jan, 2028 | 59 | $343.82 | $912.25 | $1,256.07 | $130,067.66 | |
| Feb, 2028 | 60 | $341.43 | $914.65 | $1,256.07 | $129,153.02 | |
| Mar, 2028 | 61 | $339.03 | $917.05 | $1,256.07 | $128,235.97 | |
| Apr, 2028 | 62 | $336.62 | $919.45 | $1,256.07 | $127,316.52 | |
| May, 2028 | 63 | $334.21 | $921.87 | $1,256.07 | $126,394.65 | |
| Jun, 2028 | 64 | $331.79 | $924.29 | $1,256.07 | $125,470.36 | |
| Jul, 2028 | 65 | $329.36 | $926.71 | $1,256.07 | $124,543.65 | |
| Aug, 2028 | 66 | $326.93 | $929.15 | $1,256.07 | $123,614.50 | |
| Sep, 2028 | 67 | $324.49 | $931.59 | $1,256.07 | $122,682.92 | |
| Oct, 2028 | 68 | $322.04 | $934.03 | $1,256.07 | $121,748.88 | |
| Nov, 2028 | 69 | $319.59 | $936.48 | $1,256.07 | $120,812.40 | |
| Dec, 2028 | 70 | $317.13 | $938.94 | $1,256.07 | $119,873.46 | |
| Jan, 2029 | 71 | $314.67 | $941.41 | $1,256.07 | $118,932.05 | |
| Feb, 2029 | 72 | $312.20 | $943.88 | $1,256.07 | $117,988.18 | |
| Mar, 2029 | 73 | $309.72 | $946.35 | $1,256.07 | $117,041.82 | |
| Apr, 2029 | 74 | $307.23 | $948.84 | $1,256.07 | $116,092.98 | |
| May, 2029 | 75 | $304.74 | $951.33 | $1,256.07 | $115,141.65 | |
| Jun, 2029 | 76 | $302.25 | $953.83 | $1,256.07 | $114,187.83 | |
| Jul, 2029 | 77 | $299.74 | $956.33 | $1,256.07 | $113,231.50 | |
| Aug, 2029 | 78 | $297.23 | $958.84 | $1,256.07 | $112,272.66 | |
| Sep, 2029 | 79 | $294.72 | $961.36 | $1,256.07 | $111,311.30 | |
| Oct, 2029 | 80 | $292.19 | $963.88 | $1,256.07 | $110,347.42 | |
| Nov, 2029 | 81 | $289.66 | $966.41 | $1,256.07 | $109,381.01 | |
| Dec, 2029 | 82 | $287.13 | $968.95 | $1,256.07 | $108,412.06 | |
| Jan, 2030 | 83 | $284.58 | $971.49 | $1,256.07 | $107,440.56 | |
| Feb, 2030 | 84 | $282.03 | $974.04 | $1,256.07 | $106,466.52 | |
| Mar, 2030 | 85 | $279.47 | $976.60 | $1,256.07 | $105,489.92 | |
| Apr, 2030 | 86 | $276.91 | $979.16 | $1,256.07 | $104,510.76 | |
| May, 2030 | 87 | $274.34 | $981.73 | $1,256.07 | $103,529.03 | |
| Jun, 2030 | 88 | $271.76 | $984.31 | $1,256.07 | $102,544.72 | |
| Jul, 2030 | 89 | $269.18 | $986.89 | $1,256.07 | $101,557.82 | |
| Aug, 2030 | 90 | $266.59 | $989.48 | $1,256.07 | $100,568.34 | |
| Sep, 2030 | 91 | $263.99 | $992.08 | $1,256.07 | $99,576.26 | |
| Oct, 2030 | 92 | $261.39 | $994.69 | $1,256.07 | $98,581.57 | |
| Nov, 2030 | 93 | $258.78 | $997.30 | $1,256.07 | $97,584.28 | |
| Dec, 2030 | 94 | $256.16 | $999.91 | $1,256.07 | $96,584.36 | |
| Jan, 2031 | 95 | $253.53 | $1,002.54 | $1,256.07 | $95,581.82 | |
| Feb, 2031 | 96 | $250.90 | $1,005.17 | $1,256.07 | $94,576.65 | |
| Mar, 2031 | 97 | $248.26 | $1,007.81 | $1,256.07 | $93,568.84 | |
| Apr, 2031 | 98 | $245.62 | $1,010.46 | $1,256.07 | $92,558.38 | |
| May, 2031 | 99 | $242.97 | $1,013.11 | $1,256.07 | $91,545.28 | |
| Jun, 2031 | 100 | $240.31 | $1,015.77 | $1,256.07 | $90,529.51 | |
| Jul, 2031 | 101 | $237.64 | $1,018.43 | $1,256.07 | $89,511.07 | |
| Aug, 2031 | 102 | $234.97 | $1,021.11 | $1,256.07 | $88,489.97 | |
| Sep, 2031 | 103 | $232.29 | $1,023.79 | $1,256.07 | $87,466.18 | |
| Oct, 2031 | 104 | $229.60 | $1,026.47 | $1,256.07 | $86,439.71 | |
| Nov, 2031 | 105 | $226.90 | $1,029.17 | $1,256.07 | $85,410.54 | |
| Dec, 2031 | 106 | $224.20 | $1,031.87 | $1,256.07 | $84,378.66 | |
| Jan, 2032 | 107 | $221.49 | $1,034.58 | $1,256.07 | $83,344.09 | |
| Feb, 2032 | 108 | $218.78 | $1,037.30 | $1,256.07 | $82,306.79 | |
| Mar, 2032 | 109 | $216.06 | $1,040.02 | $1,256.07 | $81,266.77 | |
| Apr, 2032 | 110 | $213.33 | $1,042.75 | $1,256.07 | $80,224.02 | |
| May, 2032 | 111 | $210.59 | $1,045.49 | $1,256.07 | $79,178.54 | |
| Jun, 2032 | 112 | $207.84 | $1,048.23 | $1,256.07 | $78,130.31 | |
| Jul, 2032 | 113 | $205.09 | $1,050.98 | $1,256.07 | $77,079.33 | |
| Aug, 2032 | 114 | $202.33 | $1,053.74 | $1,256.07 | $76,025.59 | |
| Sep, 2032 | 115 | $199.57 | $1,056.51 | $1,256.07 | $74,969.08 | |
| Oct, 2032 | 116 | $196.79 | $1,059.28 | $1,256.07 | $73,909.80 | |
| Nov, 2032 | 117 | $194.01 | $1,062.06 | $1,256.07 | $72,847.74 | |
| Dec, 2032 | 118 | $191.23 | $1,064.85 | $1,256.07 | $71,782.89 | |
| Jan, 2033 | 119 | $188.43 | $1,067.64 | $1,256.07 | $70,715.25 | |
| Feb, 2033 | 120 | $185.63 | $1,070.45 | $1,256.07 | $69,644.80 | |
| Mar, 2033 | 121 | $182.82 | $1,073.26 | $1,256.07 | $68,571.54 | |
| Apr, 2033 | 122 | $180.00 | $1,076.07 | $1,256.07 | $67,495.47 | |
| May, 2033 | 123 | $177.18 | $1,078.90 | $1,256.07 | $66,416.57 | |
| Jun, 2033 | 124 | $174.34 | $1,081.73 | $1,256.07 | $65,334.84 | |
| Jul, 2033 | 125 | $171.50 | $1,084.57 | $1,256.07 | $64,250.27 | |
| Aug, 2033 | 126 | $168.66 | $1,087.42 | $1,256.07 | $63,162.86 | |
| Sep, 2033 | 127 | $165.80 | $1,090.27 | $1,256.07 | $62,072.59 | |
| Oct, 2033 | 128 | $162.94 | $1,093.13 | $1,256.07 | $60,979.45 | |
| Nov, 2033 | 129 | $160.07 | $1,096.00 | $1,256.07 | $59,883.45 | |
| Dec, 2033 | 130 | $157.19 | $1,098.88 | $1,256.07 | $58,784.57 | |
| Jan, 2034 | 131 | $154.31 | $1,101.76 | $1,256.07 | $57,682.81 | |
| Feb, 2034 | 132 | $151.42 | $1,104.66 | $1,256.07 | $56,578.15 | |
| Mar, 2034 | 133 | $148.52 | $1,107.56 | $1,256.07 | $55,470.59 | |
| Apr, 2034 | 134 | $145.61 | $1,110.46 | $1,256.07 | $54,360.13 | |
| May, 2034 | 135 | $142.70 | $1,113.38 | $1,256.07 | $53,246.75 | |
| Jun, 2034 | 136 | $139.77 | $1,116.30 | $1,256.07 | $52,130.45 | |
| Jul, 2034 | 137 | $136.84 | $1,119.23 | $1,256.07 | $51,011.22 | |
| Aug, 2034 | 138 | $133.90 | $1,122.17 | $1,256.07 | $49,889.05 | |
| Sep, 2034 | 139 | $130.96 | $1,125.11 | $1,256.07 | $48,763.94 | |
| Oct, 2034 | 140 | $128.01 | $1,128.07 | $1,256.07 | $47,635.87 | |
| Nov, 2034 | 141 | $125.04 | $1,131.03 | $1,256.07 | $46,504.84 | |
| Dec, 2034 | 142 | $122.08 | $1,134.00 | $1,256.07 | $45,370.84 | |
| Jan, 2035 | 143 | $119.10 | $1,136.98 | $1,256.07 | $44,233.86 | |
| Feb, 2035 | 144 | $116.11 | $1,139.96 | $1,256.07 | $43,093.91 | |
| Mar, 2035 | 145 | $113.12 | $1,142.95 | $1,256.07 | $41,950.95 | |
| Apr, 2035 | 146 | $110.12 | $1,145.95 | $1,256.07 | $40,805.00 | |
| May, 2035 | 147 | $107.11 | $1,148.96 | $1,256.07 | $39,656.04 | |
| Jun, 2035 | 148 | $104.10 | $1,151.98 | $1,256.07 | $38,504.06 | |
| Jul, 2035 | 149 | $101.07 | $1,155.00 | $1,256.07 | $37,349.06 | |
| Aug, 2035 | 150 | $98.04 | $1,158.03 | $1,256.07 | $36,191.03 | |
| Sep, 2035 | 151 | $95.00 | $1,161.07 | $1,256.07 | $35,029.96 | |
| Oct, 2035 | 152 | $91.95 | $1,164.12 | $1,256.07 | $33,865.84 | |
| Nov, 2035 | 153 | $88.90 | $1,167.18 | $1,256.07 | $32,698.66 | |
| Dec, 2035 | 154 | $85.83 | $1,170.24 | $1,256.07 | $31,528.42 | |
| Jan, 2036 | 155 | $82.76 | $1,173.31 | $1,256.07 | $30,355.11 | |
| Feb, 2036 | 156 | $79.68 | $1,176.39 | $1,256.07 | $29,178.72 | |
| Mar, 2036 | 157 | $76.59 | $1,179.48 | $1,256.07 | $27,999.24 | |
| Apr, 2036 | 158 | $73.50 | $1,182.58 | $1,256.07 | $26,816.66 | |
| May, 2036 | 159 | $70.39 | $1,185.68 | $1,256.07 | $25,630.98 | |
| Jun, 2036 | 160 | $67.28 | $1,188.79 | $1,256.07 | $24,442.19 | |
| Jul, 2036 | 161 | $64.16 | $1,191.91 | $1,256.07 | $23,250.28 | |
| Aug, 2036 | 162 | $61.03 | $1,195.04 | $1,256.07 | $22,055.24 | |
| Sep, 2036 | 163 | $57.89 | $1,198.18 | $1,256.07 | $20,857.06 | |
| Oct, 2036 | 164 | $54.75 | $1,201.32 | $1,256.07 | $19,655.74 | |
| Nov, 2036 | 165 | $51.60 | $1,204.48 | $1,256.07 | $18,451.26 | |
| Dec, 2036 | 166 | $48.43 | $1,207.64 | $1,256.07 | $17,243.62 | |
| Jan, 2037 | 167 | $45.26 | $1,210.81 | $1,256.07 | $16,032.81 | |
| Feb, 2037 | 168 | $42.09 | $1,213.99 | $1,256.07 | $14,818.82 | |
| Mar, 2037 | 169 | $38.90 | $1,217.17 | $1,256.07 | $13,601.65 | |
| Apr, 2037 | 170 | $35.70 | $1,220.37 | $1,256.07 | $12,381.28 | |
| May, 2037 | 171 | $32.50 | $1,223.57 | $1,256.07 | $11,157.71 | |
| Jun, 2037 | 172 | $29.29 | $1,226.78 | $1,256.07 | $9,930.92 | |
| Jul, 2037 | 173 | $26.07 | $1,230.00 | $1,256.07 | $8,700.92 | |
| Aug, 2037 | 174 | $22.84 | $1,233.23 | $1,256.07 | $7,467.68 | |
| Sep, 2037 | 175 | $19.60 | $1,236.47 | $1,256.07 | $6,231.21 | |
| Oct, 2037 | 176 | $16.36 | $1,239.72 | $1,256.07 | $4,991.49 | |
| Nov, 2037 | 177 | $13.10 | $1,242.97 | $1,256.07 | $3,748.52 | |
| Dec, 2037 | 178 | $9.84 | $1,246.23 | $1,256.07 | $2,502.29 | |
| Jan, 2038 | 179 | $6.57 | $1,249.51 | $1,256.07 | $1,252.79 | |
| Feb, 2038 | 180 | $3.29 | $1,252.79 | $1,256.07 | $0.00 | |
Original vs. Mortgage Refinance |
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| Original | Mortgage Refinance | |||||
| Monthly Payment | $1,246.87 | $1,256.07 | ||||
| Total Interest | $72,507.80 | $46,093.26 | ||||
| Total Principal | $180,000.00 | $180,000.00 | ||||
| Total Payment | $252,507.80 | $226,093.26 | ||||
| Closing Cost | $0 | $3,000.00 | ||||
| Other Expenses | $0 | $0.00 | ||||
| Total Interest Savings | $0 | $26,414.55 | ||||
| Total Savings | $0 | $23,414.55 | ||||
| Payoff Date | Jan, 2040 | Feb, 2038 | ||||
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