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Scott International Enterprises"

Financial Calculators

Use our Financial Calculators to help make your financial planning more convenient.

This calculator will help you decide whether or not you should refinance your current mortgage at a lower interest rate. It will calculate the monthly payment and the net interest.

  Your Loan Information
Principal Balance:
Monthly Payment:
Current Interest Rate:
New Interest Rate:

This is the interest rate that you will be refinancing at.

New Loan Term (Years):

Number of years you will be refinancing for.

Closing costs:
  Results of Refinancing
New Monthly Payment:

This is how much your monthly payment will be if you refinance

Monthly Savings:
Existing Interest:

This is how much interest you will pay under your current monthly payment plan.

New Interest:

This is how much interest you will pay under your refinanced monthly payment plan.

Interest Savings:

This is how much interest you will save if you refinance.

Net Refinancing Savings:

This is the total amount you will save if you refinance (interest savings less closing costs).

These Calculators are provided as a free service to our users. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.