Home Refinance Calculator
Details of Your Existing Loan:
Original Loan Amount: $
Original Term of Loan (in years):	10 15 20 25 30
Current Loan Balance: $
Current Interest Rate:		(per annum)
Your Proposed New Loan:
Your new loan amount:
Your new mortgage term:	10 15 20 25 30	(in years)
Your new interest rate:		(per annum)
Your estimated refinancing costs:		(per cent)
How long would you expect to stay in your home after refinancing?
		(in years)
Comparison Scenarios:
Note: Scenario 1 (below) assumes that repayments are adjusted as required to service the new loan. Scenario 2 assumes that repayments are kept the same.
a. Payment Savings Analysis	Scenario 1	Scenario 2
Existing Loan Payment:*
New Loan Payment:*
Monthly Saving/Cost:
*Monthly payment amounts above include principal and interest only. Monthly taxes and insurance are not included.
	Scenario 1	Scenario 2
Principal reduction of existing loan if you DO NOT refinance:
Principal reduction of existing loan if you DO refinance:
Gain/Loss from difference in the principal reduction:
c. Estimated Cost to Refinance:	Scenario 1	Scenario 2
Your estimated refinancing costs:
Total Cost to refinance:
Total Savings/Loss With This Scenario:	Scenario 1	Scenario 2
(a+b+c)