(949) 345-5960
Home
Home
Purchase
Purchase
Paperwork Needed
How Much Can I Afford?
What Will My Monthly Payment Be
Quick Quote
Apply Now
Refinance
Refinancing
Cash Out Refinance
HARP Relief Loans Fannie & Freddie
Quick Quote
Apply Now
JUMBO
Purchase
Refinance
FHA
FHA Purchase
FHA Refinance/ Streamline
FHA JUMBO
USDA Purchase / Refinance
VA
VA Purchase
VA Refinance/ Streamline
Reverse
Tools
How Much Can I Afford
What Will My Monthly Payment Be
Renting Versus Buying Calculator
Refinance Analysis Calculator
Consolidation Calculator
Paperwork Needed
The Loan Process
Glossary of Mortgage Terms
Apply
Apply Now
Check My Loan
Contact Us
Contact
Meet Our Team
About Us
Contact Us
Movers
Moving
Partners
View Companies and People We Recommend
Locations
Irvine
Newport Beach
Consolidation Calculator
Mortgage Consolidation & Refinancing Calculator
This calculator will help you to decide whether or not it would be advantageous for you to consolidate a first and second mortgage and refinance into a single mortgage with 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. Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).
First Mortgage
Enter the principal balance of your first mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your first mortgage's current interest rate:
Second Mortgage
Enter the principal balance of your second mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs
percentage points
dollar amount
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
No
Yes