Refinance calculator at Realtor.com

I found this simple to use refi calculator on Realtor.com.  If you’re looking for a great refinance calculator, look no further.  This one does it all and even tells you how long until your break even point on the new loan!

http://www.realtor.com/home-finance/financial-calculators/mortgage-refinancing-calculator.aspx

It’s strange to think about 5.65% APR interest suddenly being high after so many years.  Now that mortgage rates have tumbled so low, it is cheaper to finance most home purchases than a new car with good credit.  If you’ve got the time, it might not be a bad idea to look into doing a refi to see if you’d save a lot of money.  My family and I just did and we’re saving $463 a month.

 

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