Loan Comparison/Refinancing Calculator
This calculator allows you to do some interesting comparison of loans.
You can compare loans with different balances, rates and payments
and see how much interest you save as the loan progresses. This is
good for comparing loans for a refinance to see how long it will
take to recoup closing costs.
Click
here to s tart your mortgage calculation
For each loan I also have payment buttons that will calculate
the standard 30 and 15 year payments for any loan. For an
existing loan first put your original loan amount and rate
in the first two fiedlds for loan #1, and then hit which
term you specified in your original loan. You can then go
back and change the balance to your current balance or any
amount you want.