Compare refinancing a single mortgage vs. consolidating a first & second mortgage ...
Monthly Payment if Refinanced | $116,266.75 |
|
Monthly Payment Change | $113,266.75 |
|
Time to Offset Closing Costs by Interest Savings | N/A |
|
Interest Paid Under Current Monthly Payment Plan | $117,901.68 |
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Interest Paid Under Refinanced Monthly Payment Plan | $12,361,275.30 |
|
Interest Saved if Refinanced | $0.00 |
|
Net Refinancing Savings (Net of Closing Costs) | $0.00 |
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If you refinance your current 3.79% mortgage and your current 3.79% mortgage into a single 3.79% mortgage, your monthly payment will increase by $113,266.75 and you will pay an additional $12,243,373.62 in interest charges over the life of the mortgage. |
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