Planning

Should I Refinance My Mortgage?

New Mortgage Costs

Discount points (in dollars)
Origination points (if any)
Application fees
Credit check fee
Attorney review fee (yours)
Attorney review fee (lender's)
Title search fee (use $1.00 per thousand of property value)
Appraisal fee
Inspections (termites, etc.)
Local fees (taxes, transfers)
Other fees
Prepayment penalty on current mortgage (if any)
Add 10% for miscellaneous fees

Mortgage Payments

Monthly Payment on CURRENT mortgage (principal + interest only)

Monthly Payment on NEW mortgage (principal + interest only)

(Tip: If you don't know the principal + interest amount, go to the Loan section under the question "What is the monthly payment?" and calculate it!)