Should I Refinance?
Input
Financial Analysis
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Original Loan
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Refinanced Loan
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Monthly Payment
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$1,304.12
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$1,114.04
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Total Monthly Payment
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$78,247.10
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$66,842.27
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Monthly Payment Savings
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$11,404.83
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Total Interest Paid
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$51,307.55
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$46,025.56
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Tax Savings
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$15,905.34
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$14,267.92
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Tax Saving Losses
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$1,637.42
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Balance at Refinance
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$228,745.59
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Points Value
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$2,287.46
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Amount Refinanced
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$226,458.14
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Balance at Sale
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$201,806.04
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$205,641.42
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Balance Losses
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$3,835.37
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Total Losses
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$5,472.79
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Total Closing Cost
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$3,487.46
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Total Benefits
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$2,444.58
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