$200,000.00
$200,000.00
$1,073.64
$0.00
$100.00
$100.00
$0.00
$0.00
360
$0.00
$200,000.00
$0.00
$186,511.57
$72,000.00
$458,511.57
| Origin Loan | New Loan | +/- | |
|---|---|---|---|
| Closing Cost | $1,000 | $1,000 | |
| Principal | $300,000 | $250,000 | $10,000 |
| Interest | $172,663 | $56,274 | $116,388 |
| Cash savings | $472,663 | $367,274 | $105,388 |
| Original Principal Remaining | $242,836 |
|---|---|
| New Principal Remaining | $310,000 |
| Difference in Equity | $-67,163 |
$200,000.00
$210,000.00
$1,127.33
$0.00
$100.00
$100.00
$0.00
360
$0.00
$210,000.00
$0.00
$195,837.15
$72,000.00
$477,837.15
The results obtained from this calculator are intended for comparison purposes only, and we cannot guarantee their accuracy. We do not provide any guarantees regarding the accuracy of the information or inputs provided by users of the software.
Please note that this calculator is unable to pre-qualify you for any specific loan program, and it is recommended to independently verify your qualification with one of our Loan Consultants. Qualifying for loan programs may require additional information, including credit scores and cash reserves, which is not collected through this calculator. Information such as interest rates and pricing is subject to change without prior notice. Additionally, this calculator does not include additional fees like HOA dues in its calculations. All provided information, such as interest rates, taxes, insurance, PMI payments, etc., are estimates and should only be used for comparison purposes. We cannot guarantee the accuracy of any information obtained through this calculator.
