Mortgage Loan Comparison
Blackham Refinance Analysis • Loan Amount: $452,053
Current Monthly Payment
$2,993.89
775 Credit Score
Select Your Rate Scenario
New Payment
New Monthly P&I
$2,566.71
Save $427.18/mo
Upfront
Total Cash to Close
$10,719
Effective: $7,357
Payback
Break-Even Point
17 months
To recover upfront costs
Total Interest
30-Year Interest
$472K
$0 saved
Break-Even Recovery Speed
Lower is better - faster recovery of upfront costs
Loan Balance Over Time (Amortization)
Current: $452,053
What-If Analysis: Extra Payments
$0
$0
$1,000
Applied to principal every month
Total Interest Saved
$0
vs. standard payments
Years Saved
Off your loan term
New Payoff Date
2049
vs. 2054 (30 years)
Rate-Specific Costs & Credits
Loan Discount Points
$2,843
Paid to lower your rate
Lender Credit
$0
Credit toward closing costs
Daily Interest (17 days)
$1,174
Interim interest at closing
Fixed Closing Costs
These costs remain the same across all rate scenarios
Lender Fees
Origination Fee
$3,500
Underwriting Fee
$1,195
Processing Fee
$0
Subtotal
$4,695
Third-Party Fees
Credit Report
$87
Tax Certification
$85
Flood Certification
$8
MERS Fee
$25
Subtotal
$205
Title Fees
Title Insurance Policy
$1,342
Endorsement Fee
$60
Title Closing Fee
$325
Recording Fee
$40
Subtotal
$1,767
Total Fixed Closing Costs
$6,667