"Remortgage Calculator"

This calculator will help you to decide whether or not you should remortgage your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on any incurred costs.
Enter the balance of your current mortgage:
Enter the amount of your monthly mortgage payment:
Enter the your mortgage's current interest rate:
Enter interest rate you will be remortgaging at:
Enter the number of years you will be remortgaging for:
Enter the costs that will be required:

This is how much your monthly payment will be if you remortgage:
Monthly Savings:
Number of months to break even on costs:
This is how much interest you will pay under your current mortgage:
This is how much interest you will pay under your new mortgage:
This is how much interest you will save if you remortgage:
Net Remortgaging Savings (interest savings less costs):