Run the numbers on a purchase, refinance, home equity loan, or debt consolidation.
See how long it takes for a lower payment to pay back your closing costs.
Break-even point
1 yr 2 mo
Current payment
$2,523
New payment
$2,155
Monthly savings
$368
Cash at closing
$5,000
Remaining interest on your current loan: $467,312. Total interest on the new loan: $425,804.
Principal and interest only; taxes and insurance excluded.
* This estimate is provided for illustrative and informational purposes only and does not constitute a loan approval or commitment to lend. Actual rate, APR, and payment will depend on your credit profile, loan program, and market conditions at the time of rate lock. 1st 2nd Mortgage Co. of N.J., Inc. — NMLS # 115981.