5505 East 51st Street

Tulsa, Oklahoma 74135

Call Us

918-960-8492

REFINANCING A MORTGAGE

See the cost and savings of refinancing at a lower interest, net of closing costs…

Refinancing a Mortgage

$ %

Yes No

Reset


Results

New monthly payment (after refinancing) $75,087.81

Change in Monthly Payment $-73,539.81

Time to offset closing costs by interest savings 601

Total interest to be paid under existing mortgage $164,866.64

Total interest to be paid under refinanced mortgage $6,761,344.18

Interest Savings $0.00

Refinancing Savings (net of closing costs) $0.00


If you refinance your current 3.79% mortgage to a 3.04% mortgage, your monthly payment will increase by $73,539.81 and you will pay an additional $6,596,477.54 in interest charges over the life of the mortgage.