Mortgage Refinancing Calculator

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Average Mortgage Rates for:

LOAN TYPE TODAY +/- LAST WEEK

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ISM Reports Strong June Results

The Institute for Supply Management reported a rise in their index for the month of June, which shows that the manufacturing sector of the economy may be stronger than expected. Experts were expecting a decline. Bonds however were up today, despite this news which is not favorable for mortgage rates. Rates should show now change [...]

Rates Flat Monday

Mortgage and Stock Markets were unchanged today, although mortgage rates should improve by about .25 to the points as a result of strengths in bonds from Friday. There was no relevant news released today. It will be a short trading week, with the bond market closing early on Thursday for the Fourth of July Holiday. Rates Flat [...]

Rates Down Friday

It was another bad day on the stock markets, which helped mortgage rates continue to fall, despite some unfavorable economic news. Rates should improve by .125 to price. The May Personal Outlays and Income data came in at levels not good for mortgage rates, showing income increasing and inflation slowing. The University of Michigan’s Index of Consumer [...]

Mortgage Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break
even on the closing costs.

Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)

Enter the amount of your monthly mortgage payment (Principal & Interest Only):

Enter your mortgage's current interest rate:

Enter interest rate you will be refinancing at:

Enter the number of years you will be refinancing for:

Enter the closing costs
(Typically, # of points is "2" or dollar amount is .02 times the principal)

Would you like to finance the closing costs?

This is how much your monthly payment will be if you refinance:

Monthly Payment Reduction:

# of months for interest savings to offset closing costs:

This is how much interest you will pay under your current monthly payment plan:

This is how much interest you will pay under your refinanced monthly payment plan:

This is how much interest you will save if you refinance:

Net Refinancing Savings
(interest savings less closing costs):

Loan Type :	Property Type :	Property Use :

Offering Mortgage Service all throughout Our State Including !

Albany	Brooklyn	Queens	Bronx	Lake Placid
Manhattan	New York City	Rochester	Albion	Buffalo
Elmira	Hudson	Nassau County	Mayville	Niagara Falls
Rockport	Canton	Auburn	New City	Ithaca
Melville	Middletown	Norwich	Schenectady	Batavia
Catskill	Fort Edwards	Jamestown	Long Beach	Mineola
Westchester	Syracuse	Belmont	Cortland	Hauppauge
Johnstown	Long Island	Mount Vernon	Plattsburgh	Utica
Binghamton	Delhi	Hempstead	Lake George	Malone
Newburgh	Poughkeepsie	Warsaw	Waterloo	Watertown
White Plains	Yonkers

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Our attempt is to provide our clients with up-to-date information on all current mortgage rates. The rates illustrated above are based on current market conditions for today, and are subject to change without notice.