Loan Connectors- Calculator


	CALCULATOR

AMORTIZATION CALCULATOR

How Much Is Your Monthly Payment?
Click on the "Calculate" button to see the impact of the loan balance, mortgage term, and interest rate on your monthly payment amount.

Loan Balance:	$
Mortgage Term:
Interest Rate:		%
Monthly Payment: (principle and interest only)	$

REFINANCING CALCULATOR

Is Now a Good Time to Refinance? Enter the following information to analyze your own specific scenario to help you determine if now is a good time to refinance your existing mortgage

Existing Loan
Original Term of your loan:
Your original loan amount:	$
Your current loan balance:	$
How long have you had this loan?			years. months.
Your current Interest rate:			%

New Loan
Your new loan amount:	$
Your new morgage term:
Your new interest rate:			%
Your estimated closing costs:			%
How long you plan to stay in your home after refinancing:			years.

(see instant analysis below)





I. Payment Analysis
Existing loan payment amount:*	$
New loan payment amount:*		$
Savings/Loss from difference in monthly payments:	$
Amount saved over years due to decreased monthly payment amount:		$
*monthly payment amount includes principle and interest only. Monthly taxes and insurance are not included.

II. Reduction of Loan Priciple Analysis
Principle reduction of existing loan after years if you DO NOT refinance:	$
Principle reduction of new loan after years if you DO refinance:		$
Savings/Loss from difference in principle reduction after years:	$

III. Extimated Cost to Refinance:
$
(closing costs including discount points)

IV. Total Saving/Loss With This Refinance Scenario:
$
(I+II minus III)

22935 Lyons Ave #F
Newhall, CA 91321

Tel.: (661) 295-0555
Toll Free: (877) 295-1555
Fax: (866) 587-5005