Darien Financial Services, Inc.

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This Calculator is used to help determine if it makes sense for you to refinance by calculating your monthly savings. Specifically, we look at the amount of time it will take you to re-coop your costs, compare this to the amount of time that you plan on owning your home.*

Current Housing Expense
The figures required below can be found on your existing loan statement.

Enter Outstanding Loan Balance:
$
Enter Current Principal and Interest Payment:
$
How many years until you sell this property?

Potential New Housing expense

New Loan Balance:
$
New Loan Interest Rate:
%
New Loan Term in years:

Summary:

New Loan Payment (excluding taxes and Insurance):		$
Savings on a monthly basis:		$
Cost to refinance:		$
Number of Months to break even:
Total Savings until home is sold:		$

*Refinancing may extend the amount of time in which it takes to pay back your loan. Contact a mortgage consultant at Darien Financial Services, Inc. for more details.

3/1 ARM	5.375%
5/1 ARM	5.5%
15 Year Fixed	5.5%
30 Year Fixed	6.375%

3/1 ARM	5.375%
5/1 ARM	5.5%
15 Year Fixed	5.75%
30 Year Fixed	6.875%

7/01/08 6:13pm