Evaluate Your Refinancing Options

×

Error message

  • Notice: Undefined offset: 0 in BSm07fcbfields() (line 381 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Trying to get property 'title_select' of non-object in BSm07fcbfields() (line 381 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Undefined offset: 0 in BSm07fcbfields() (line 384 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Trying to get property 'value_select' of non-object in BSm07fcbfields() (line 384 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Undefined offset: 0 in BSm07fcbfields() (line 385 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Trying to get property 'prefix_select' of non-object in BSm07fcbfields() (line 385 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Undefined offset: 0 in BSm07fcbfields() (line 386 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).
  • Notice: Trying to get property 'suffix_select' of non-object in BSm07fcbfields() (line 386 of /var/www/vhosts/fintactix.com/httpdocs/sites/all/modules/fintactix/bootstrap/mortgage/BSm07fcb/BSm07fcb.module).

Current Plan

Monthly
Payment
$ 1,347.00
Total
Interest
$ 53,500.88
Months to
Pay Off
180

Additional Monthly Payment

Monthly
Payment
$ 1,647.00
Total
Interest
$ 40,773.20
Months to
Pay Off
139
By adding $300 to your monthly payment, you will pay off your loan balance in 41 fewer months and save $12,727 in interest payments over the repayment period.

If you're goal is to pay down debt faster, you might be wondering what the impact would be from different options. If you simply increased your monthly payment each month, you would pay off the loan faster and save interest costs. Another option is to refinance to a shorter term to provide a more structured plan to pay the loan off quickly. Many customers prefer the refinance option because it provides discipline in reaching their goal. This calculator shows the benefits of each option.