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Payment Savings Calculator

Will my new loan save me money?

Will your new loan save you money? The best way to know for sure is to compare before you sign on the dotted line. Just enter your existing loan figures on the left and your proposed loan figures on the right and the totals will be calculated automatically for you. (*) indicates a required field.

Current Loan
 
Proposed Loan
Press the "Tab" key to advance or calculate.
* Original Loan Amount
  * New Loan Amount
* Current Interest Rate
  * New Interest Rate
* Original Term (Yrs.)
  * New Term (Yrs.)
Yearly Taxes
  Yearly Taxes
Yearly Insurance
  Yearly Insurance
Adjust figures above- Press "Tab" - See results below
Current Totals
 
Proposed Totals 
Current P&I Payment
  New P&I Payment
Current Monthly Taxes
  New Monthly Taxes
Current Mo. Insurance
  New Mo. Insurance
Monthly Payment
  New Monthly Payment
Will your new loan save you money?
Positive Number = Savings, Negative Number = Cost

 

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