Second Mortgage Calculator

Refinance & Consolidation

This calculator helps you determine your savings from refinancing and consolidating your first and second mortgages into a single new loan. It calculates savings, time to break-even, and more.

First Mortgage

Balance due on first mortgage ($):

Current monthly mortgage payment ($):

First mortgage interest rate (%):

Second Mortgage (Optional)

Second mortgage balance due ($):

Second mortgage monthly payment ($):

Second mortgage interest rate (%):

Refinance - Consolidation

Interest rate you'll be refinancing at (%):

Refinanced loan term (# of years):

Expected closing costs:

Closing costs:

Will you finance these closing costs?

Second Mortgage Calculator

Refinance & Consolidation

Results