October 8th, 2012
Those looking to purchase a home already know that right now is an ideal time with historically low mortgage rates. But those who are already homeowners often aren’t sure whether refinancing is worth the effort or not.
Zillow.com is now making it much easier for homeowners to make that decision with its new refinance calculator
Basically, if the amount you will save by refinancing is more than the cost of doing so, it may be worth it.
Using the information you plug in, the calculator estimates the monthly mortgage payment, break-even point, and projected lifetime savings of the loan based on the value of your current loan amount and the projected refinance amount of your new loan.
Try it out, and if you like what you see, call Acadia Lending today!