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*For reference purposes only. Neighborhood National Bank makes no claim to the accuracy of these financial calculators, and advises all visitors to the site to use the calculators at their own discretion.
Refinancing Calculator*
This financial calculator will determine how much money you could save over the life of your Home Mortgage by refinancing at a lower interest rate.
Principal
Current Rate
Current Months Remaining
Closing Costs
New Rate
 
Total interest without refinancing
Current Monthly Payment
Total Interest if refinanced
New Monthly Payment
Total Savings
  (-) indicates that you'll pay more
How to Use:
Enter the remaining principal, interest rate, and the time left on the current mortgage.
Enter the closing costs associated with the refinancing. ($2500 is the default)
Then enter the rate and the term of the new mortgage.
Click 'Calculate' to determine the savings you can realize by refinancing.
Click 'Clear' to clear the fields.

The Next Step:
Contact us today.
Pete Wood or Karen Johnson will be able to help you with all of your Real Estate financing needs.
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