Page Text: Refinancing One FRM Into Another to Lower Net Cost (3a)
Who This Calculator is For: Borrowers with one FRM trying to decide
whether refinancing into another FRM will reduce their costs.
What This Calculator Does:This calculator compares the total cost of retaining
the current FRM with the cost of refinancing into another FRM, over a specified
future period. It also shows the period the new loan must be held to break even
and allows upfront costs to be financed.
Information About You and Your House