Mortgage Refinancing Calculator

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Average Mortgage Rates for:

LOAN TYPE TODAY +/- LAST WEEK

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Surprise New Home Sales Increase For September

Today rates were flat on a mixed stock market, and stronger than expected economic news. Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon. The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline. However [...]

Mortgage Rates Volatile and Rising

Mortgage rates should improve today by about .125 in rate due to the massive stock market sell-off experienced yesterday. Most of those gains in the bond, however can be expected to be erased tomorrow as a result of the comeback this afternoon in stocks, and late afternoon related weakness in bonds. The CPI came in today [...]

Fed and Six World Central Banks Make Emergency Rate Cut

The US Federal Reserve and six other central banks cut their overnight lending rates by 50 basis points, over concern about weakening economic conditions. Bonds, following stock market skepticism over the move, were down despite the cut, pushing rates higher by about .25 the the price. Fed and Six World Central Banks Make Emergency Rate Cut

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.