Refinancing financial calculator. Refinancing is a great plan, but it’s only meaningful if you also know when your break-even date is. Your break-even date is how long it will take you to save enough in interest to offset the closing costs you paid to do the actual refinance. Once you put in your values, a break-even analysis is done for you and an English paragraph pops out explaining the results, and basically telling you whether or not you should refinance based upon the rates you entered. A break-even date of a year is only good if you intend to stay in your home for more than a year.

The debt consolidation calculator is a tool that can really be used in combination with the refinancing calculator. Debt consolidation is simply rolling higher interest debts into a single debt that has a more manageable monthly payment. If you are refinancing your home, you might consider increasing your loan amount and rolling in higher interest debts you have incurred on credit cards.

The amortization table output of the mortgage payment financial calculator is interesting because you can see the results of extra monthly payments you make very visually. If you make an extra payment once a year it can have a dramatic impact on the amount of time it takes you to pay off your loan and it will save you bundles in interest expenses.

We offer three types of financial calculators for free use, refinancing, mortgage payment with amortization table, and debt consolidation. Each of these calculators provides a user friendly input and a very meaningful output that you can generate over and over again to compare loans.