|Monthly Payment if Refinanced|
|Monthly Payment Change|
|Time to Offset Closing Costs by Interest Savings|
|Interest Paid Under Current Monthly Payment Plan|
|Interest Paid Under Refinanced Monthly Payment Plan|
|Interest Saved if Refinanced|
|Net Refinancing Savings (Net of Closing Costs)|
If you refinance your current 3.79% mortgage and your current 3.79% mortgage into a single 3.79% mortgage, your monthly payment will decrease by $1,033.35 and you will pay an additional $91,189.48 in interest charges over the life of the mortgage.