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Refinance Calculator
By refinancing your current loan balance of $380,754.68 at 3.375% over 30 years, you will decrease your monthly payments by $220.34 and add 38 months to the loan term. The total interest paid over the life of the loan will decrease by $6,981.99.
Current Loan | Refinanced Loan | |
---|---|---|
Monthly Payment | $1,903.64 | $1,683.30 |
Total Payments | $612,971.33 | $605,989.34 |
Total Interest | $232,216.65 | $225,234.66 |
Pay-off Date | February 20, 2051 | April 20, 2054 |