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  Scott  Rheinhart
Wintrust Mortgage
601 Carlson Parkway
Suite 1550
Minnetonka
MN
55305
612-281-9990
srheinhart@wintrustmortgage.com
scott.rheinhart@gmail.com
 

Simple Refinance Analysis
Enter the expected number of years until sale or refinance
Years  
 
Enter the Terms of Your Existing Loan     Current
The original balance of my current loan was
   
Rate
   
Term
   
Monthy Principal and Interest Payment
   
 
Enter the Terms of the Proposed Loan     Proposed
Loan Amount
   
Rate
   
Term
   
Monthy Principal and Interest Payment
   
 
Monthly Savings vs. Current Loan
=
 
Approximate Costs as a percent of loan amount at
 
 
Months to Recoup Closing Costs    
 
Total Payment Savings over the number of years selected
   
 
Total Payment Savings less Closing Costs  
 
This is a basic analysis of the potential value of refinancing and is a great place to start. Other more sophisticated calculators follow this yet if value is evidenced here, it's almost always a good indication of the overall savings available. Deeper analysis can be warranted yet, if used correctly, a cash flow improvement and expected ownership beyond the breakeven point can be reason enough to take advantage.


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This information does not constitute an application nor a Good Faith Estimate. Every effort has been made to assure the accuracy of the information and mathematical calculations provided by these calculators however, the provider, makes no guarantee and maintains no liability for use of or reliance upon the results. These calculations represent "what if" scenarios, are educational in nature and where projections are illustrated, they are not intended to predict future performance of the markets and/or specific properties.
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