GMAC Real Estate: Learn About Real Estate
GMAC Real Estate

Articles & Resources

Specialty Real Estate

Real Estate Calculators

Room Planner

Refinance Calculator

Here's a quick way to calculate whether refinancing makes sense.

This calculator uses fixed rates only because adjustable rate mortgages provide for interest rate and payment changes throughout your loan. See a loan officer for help calculating what you may save with a new ARM, and for help with today's interest rate.

Current monthly mortgage payment:
Outstanding loan amount:
Amount of your monthly payment for taxes and insurance:
(Check your monthly mortgage bill or other loan documents; remember to include private mortgage insurance if applicable.)  
Number of years you'd like to finance:
Interest Rate:
 
 
 
 
Your approximate new monthly payment would be:
The number of years of living in your home for refinancing to pay for itself:
(based on average closing costs of $1,400 plus points, depending on your area and loan size)

Remember, closing costs can often be financed into the loan amount.
Our Services
Premier Service
HomeRewards
Elegant Homes

Home Buying Calculators
Rent vs. Buy
Monthly Payments
What Can I Afford?
Amortization
Extra Payment Savings
Refinancing
Savings
Credit Card Payoff
Be a Millionaire

Real Estate Advice
Buying
Selling
Closing
Moving
Second Homes

Community Data:
School Reports
Education Statistics
Census Statistics