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Should I Refinance?
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Financial Analysis
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Original Loan
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Refinanced Loan
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Monthly Payment
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$1,247.74
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$1,080.08
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Total Monthly Payment
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$74,864.39
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$64,804.94
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Monthly Payment Savings
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$10,059.44
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Total Interest Paid
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$56,931.13
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$51,409.13
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Tax Savings
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$17,648.65
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$15,936.83
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Tax Saving Losses
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$1,711.82
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Balance at Refinance
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$186,950.49
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Points Value
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$1,869.50
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Amount Refinanced
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$185,080.98
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Balance at Sale
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$169,017.23
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$171,685.17
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Balance Losses
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$2,667.94
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Total Losses
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$4,379.76
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Total Closing Cost
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$4,004.26
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Total Benefits
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$1,675.43
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