Pay Off Mortgage Debt Faster

Current Plan

Monthly
Payment
$ 1,147.00
Total
Interest
$ 413,888.66
Months to
Pay Off
536

15-Year Fixed Scenario

Monthly
Payment
$ 1,373.48
Total
Interest
$ 47,226.62
Months to
Pay Off
180
By refinancing into a 15-year fixed rate loan, you will pay off your loan balance in 356 fewer months and save $366,662 in interest payments over the repayment period.
The accuracy of this calculator is not guaranteed by First Citizens Bank [or its affiliates] and is intended for informational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from First Citizens Bank [or its affiliates] and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by First Citizens Bank [or its affiliates].