Refinancing Calculator
|
Current Loan |
Refinance |
Savings |
| Monthly Payment |
$
1,200.00 |
$
1,200.00 |
$
0.00 |
| Origination Cost |
$
0.00 |
$
1,000.00 |
$
-1,000.00 |
| Loan Term (months) |
130 |
113 |
| Total Loan Cost (PV)* |
$
107,377.66 |
$
100,856.04 |
$
6,521.62 |
* NOTE: The total loan cost figure is actually the
present value
of all the payments for each loan, using the investment rate of return as a
discount rate.
If you would like to view a payment schedule, including interest, principal, and
remaining balances for each payment, please select which schedule you would like to see.
Presented by
online financial calculators
for
United Bank Corporation
Powered by TValue ©1998-2006
The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by United Bank Corporation.
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