Template: Mortgage Refinance Calculator for Apple iWork Numbers

Mortgage Refinance Calculator:

Should you refinance your mortgage?

The mortgage refinance calculator template lets you compare your current mortgage loan to a new one. It then displays the difference in payments, and the number of months it will take to recoup any closing costs.

Usage:

The template requires eight inputs:

• The original loan amount of your current mortgage
• The interest rate of your current mortgage
• The loan term (in years) of your current mortgage
• The total months you have already paid on your current mortgage
• The interest rate of your proposed mortgage
• The loan term (in years) of your proposed mortgage
• The points you will have to pay on your proposed mortgage
• Any other costs associated with your proposed mortgage (attorney, title, etc)

The template will calculate the following:

• Your current mortgage amount, which will be used to calculate the payment on your proposed mortgage
• Your current and proposed loan payments
• The difference in payments on your current and proposed loans
• The months to recover your closing costs (points + other costs)

Download Mortgage Refinance Calculator Template for Numbers

Related Posts: