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Should I refinance?

Should I Refinance?

When you refinance at a lower interest rate, you usually pay refinancing costs including points,

Should I refinance?

When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs. The calculated results depend on how long you plan to keep this property.

      
This calculator is property of CalcXML and licensed for use on dcu.org. It is provided as a self-help tool for your independent use. The results shown are based on information and assumptions provided by you regarding your goals, expectations and financial situation. Applicability or accuracy in regard to your individual circumstances is not guaranteed. All sample ranges provided within calculator fields do not reflect actual loan terms available and examples are hypothetical for illustrative purposes only and are not intended to purport actual user-defined parameters. Default figures shown are hypothetical and may not be applicable to your individual situation. Calculation results does not indicate whether you qualify or assumes you could qualify for the loan, product or service. The calculations provided should not be construed as financial, legal or tax advice. Consult a financial professional prior to relying on the results presented.