Should I Refinance?

Input Information

	Before Refinancing	After Refinancing
Amount :	($)
Interest Rate :	(%)	(%)
Length :	(Yrs)	(Yrs)
Months Paid :	(Mts)
Years Before Sell :	(Yrs)
Fees and Points
Points :	(%)
Origination Fees :	(%)
Closing Costs :	($)
Your Taxes Rates
Tax Rate :	(%)
State Tax Rate :	(%)
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Financial Analysis (Switch to Plain English)

	Before Refinancing (Am. Table)	After Refinancing (Am. Table)
Monthly Payment :	$1,357.37	$1,178.55
Total Monthly Payments :	$81,442.47	$70,712.78
Monthly Payment Savings :	$10,729.69
Total Interests Paid :	$55,512.39	$50,700.90
Tax Savings :	$17,208.84	$15,717.28
Tax Saving Losses :	$1,491.56
Balance at Refinance :	$229,895.49
Points Value :	$2,298.95
Refinance amount :	$229,895.49
Balance at Sale :	$203,965.42	$209,883.62
Balance Losses :	$5,918.20
Total Losses :	$7,409.76
Total Closing Costs :	$3,498.95
Total Savings :	$10,729.69
Total Benefit (Savings - Losses - Closing) :	$-179.03

Plain English Help (Switch to Financial Analysis)

Original Payment Schedule (Before and After Refinancing)

No	Interests	Principal	Balance
1	1,062.50	294.87	249,705.13
2	1,061.25	296.13	249,409.00
3	1,059.99	297.39	249,111.61
4	1,058.72	298.65	248,812.96
5	1,057.46	299.92	248,513.04
6	1,056.18	301.19	248,211.85
7	1,054.90	302.47	247,909.37
8	1,053.61	303.76	247,605.61
9	1,052.32	305.05	247,300.56
10	1,051.03	306.35	246,994.22
11	1,049.73	307.65	246,686.57
12	1,048.42	308.96	246,377.61
1 Yr	--- 12,666.10	--- 3,622.39
13	1,047.10	310.27	246,067.34
14	1,045.79	311.59	245,755.75
15	1,044.46	312.91	245,442.84
16	1,043.13	314.24	245,128.60
17	1,041.80	315.58	244,813.02
18	1,040.46	316.92	244,496.10
19	1,039.11	318.27	244,177.84
20	1,037.76	319.62	243,858.22
21	1,036.40	320.98	243,537.24
22	1,035.03	322.34	243,214.90
23	1,033.66	323.71	242,891.19
24	1,032.29	325.09	242,566.10
2 Yr	--- 12,476.98	--- 3,811.51
25	1,030.91	326.47	242,239.63
26	1,029.52	327.86	241,911.78
27	1,028.13	329.25	241,582.53
28	1,026.73	330.65	241,251.88
29	1,025.32	332.05	240,919.82
30	1,023.91	333.47	240,586.36
31	1,022.49	334.88	240,251.48
32	1,021.07	336.31	239,915.17
33	1,019.64	337.73	239,577.44
34	1,018.20	339.17	239,238.27
35	1,016.76	340.61	238,897.65
36	1,015.32	342.06	238,555.59
3 Yr	--- 12,277.99	--- 4,010.51
37	1,013.86	343.51	238,212.08
38	1,012.40	344.97	237,867.11
39	1,010.94	346.44	237,520.67
40	1,009.46	347.91	237,172.76
41	1,007.98	349.39	236,823.37
42	1,006.50	350.88	236,472.49
43	1,005.01	352.37	236,120.13
44	1,003.51	353.86	235,766.26
45	1,002.01	355.37	235,410.89
46	1,000.50	356.88	235,054.02
47	998.98	358.39	234,695.62
48	997.46	359.92	234,335.70
4 Yr	--- 12,068.60	--- 4,219.89
49	995.93	361.45	233,974.26
50	994.39	362.98	233,611.27
51	992.85	364.53	233,246.75
52	991.30	366.08	232,880.67
53	989.74	367.63	232,513.04
54	988.18	369.19	232,143.84
55	986.61	370.76	231,773.08
56	985.04	372.34	231,400.74
57	983.45	373.92	231,026.82
58	981.86	375.51	230,651.31
59	980.27	377.11	230,274.20
60	978.67	378.71	229,895.49
5 Yr	--- 11,848.28	--- 4,440.21
61	977.06	380.32	229,515.18
62	975.44	381.93	229,133.24
63	973.82	383.56	228,749.68
64	972.19	385.19	228,364.49
65	970.55	386.83	227,977.67
66	968.91	388.47	227,589.20
67	967.25	390.12	227,199.08
68	965.60	391.78	226,807.30
69	963.93	393.44	226,413.86
70	962.26	395.12	226,018.74
71	960.58	396.79	225,621.95
72	958.89	398.48	225,223.47
6 Yr	--- 11,616.47	--- 4,672.03
73	957.20	400.17	224,823.29
74	955.50	401.88	224,421.42
75	953.79	403.58	224,017.83
76	952.08	405.30	223,612.53
77	950.35	407.02	223,205.51
78	948.62	408.75	222,796.76
79	946.89	410.49	222,386.27
80	945.14	412.23	221,974.04
81	943.39	413.98	221,560.06
82	941.63	415.74	221,144.31
83	939.86	417.51	220,726.80
84	938.09	419.29	220,307.52
7 Yr	--- 11,372.54	--- 4,915.95
85	936.31	421.07	219,886.45
86	934.52	422.86	219,463.59
87	932.72	424.65	219,038.94
88	930.92	426.46	218,612.48
89	929.10	428.27	218,184.21
90	927.28	430.09	217,754.12
91	925.45	431.92	217,322.20
92	923.62	433.76	216,888.44
93	921.78	435.60	216,452.84
94	919.92	437.45	216,015.39
95	918.07	439.31	215,576.08
96	916.20	441.18	215,134.91
8 Yr	--- 11,115.88	--- 5,172.61
97	914.32	443.05	214,691.86
98	912.44	444.93	214,246.92
99	910.55	446.83	213,800.10
100	908.65	448.72	213,351.37
101	906.74	450.63	212,900.74
102	904.83	452.55	212,448.20
103	902.90	454.47	211,993.73
104	900.97	456.40	211,537.32
105	899.03	458.34	211,078.98
106	897.09	460.29	210,618.70
107	895.13	462.24	210,156.45
108	893.16	464.21	209,692.24
9 Yr	--- 10,845.83	--- 5,442.67
109	891.19	466.18	209,226.06
110	889.21	468.16	208,757.89
111	887.22	470.15	208,287.74
112	885.22	472.15	207,815.59
113	883.22	474.16	207,341.43
114	881.20	476.17	206,865.26
115	879.18	478.20	206,387.06
116	877.15	480.23	205,906.83
117	875.10	482.27	205,424.56
118	873.05	484.32	204,940.24
119	871.00	486.38	204,453.86
120	868.93	488.45	203,965.42
10 Yr	--- 10,561.67	--- 5,726.82
	Interests	Principal
Total	116,850.35	46,034.58	203,965.42

Payment Schedule After Refinancing

No	Interests	Principal	Balance
1	881.27	297.28	229,598.21
2	880.13	298.42	229,299.79
3	878.98	299.56	229,000.23
4	877.83	300.71	228,699.52
5	876.68	301.86	228,397.65
6	875.52	303.02	228,094.63
7	874.36	304.18	227,790.45
8	873.20	305.35	227,485.10
9	872.03	306.52	227,178.58
10	870.85	307.70	226,870.88
11	869.67	308.87	226,562.01
12	868.49	310.06	226,251.95
1 Yr	--- 10,499.01	--- 3,643.54
13	867.30	311.25	225,940.70
14	866.11	312.44	225,628.26
15	864.91	313.64	225,314.63
16	863.71	314.84	224,999.78
17	862.50	316.05	224,683.74
18	861.29	317.26	224,366.48
19	860.07	318.47	224,048.00
20	858.85	319.70	223,728.31
21	857.63	320.92	223,407.39
22	856.39	322.15	223,085.24
23	855.16	323.39	222,761.85
24	853.92	324.63	222,437.22
2 Yr	--- 10,327.83	--- 3,814.73
25	852.68	325.87	222,111.35
26	851.43	327.12	221,784.23
27	850.17	328.37	221,455.86
28	848.91	329.63	221,126.23
29	847.65	330.90	220,795.33
30	846.38	332.16	220,463.17
31	845.11	333.44	220,129.73
32	843.83	334.72	219,795.02
33	842.55	336.00	219,459.02
34	841.26	337.29	219,121.73
35	839.97	338.58	218,783.15
36	838.67	339.88	218,443.27
3 Yr	--- 10,148.60	--- 3,993.95
37	837.37	341.18	218,102.09
38	836.06	342.49	217,759.60
39	834.75	343.80	217,415.80
40	833.43	345.12	217,070.68
41	832.10	346.44	216,724.24
42	830.78	347.77	216,376.47
43	829.44	349.10	216,027.37
44	828.10	350.44	215,676.93
45	826.76	351.78	215,325.14
46	825.41	353.13	214,972.01
47	824.06	354.49	214,617.52
48	822.70	355.85	214,261.68
4 Yr	--- 9,960.96	--- 4,181.60
49	821.34	357.21	213,904.47
50	819.97	358.58	213,545.89
51	818.59	359.95	213,185.93
52	817.21	361.33	212,824.60
53	815.83	362.72	212,461.88
54	814.44	364.11	212,097.77
55	813.04	365.50	211,732.27
56	811.64	366.91	211,365.36
57	810.23	368.31	210,997.05
58	808.82	369.72	210,627.33
59	807.40	371.14	210,256.18
60	805.98	372.56	209,883.62
5 Yr	--- 9,764.50	--- 4,378.06
	Interests	Principal
Total	50,700.90	20,011.88	209,883.62

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