This JavaScript calculator will help you to decide
whether or not you should refinance your current mortgage at a lower interest
rate. Not only will this calculator calculate the monthly payment and net interest
savings, but it will also calculate how many months it will take to break even
on the closing costs.
NOTE: When entering numbers into
the data fields only use numbers and applicable decimal points. Entering
commas, dollar signs, or any other non-numeric characters will cause an
error. Also please note that this calculator has been tested to work with
Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However,
both must have the JavaScript option turned on.
