Consolidation Calculator

Mortgage Consolidation & Refinancing Calculator
This calculator will help you to decide whether or not it would be advantageous for you to consolidate a first and second mortgage and refinance into a single mortgage with 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 the closing costs. Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).
First Mortgage
Enter the principal balance of your first mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your first mortgage's current interest rate:
Second Mortgage
Enter the principal balance of your second mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?

 

 
 

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Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution.

FHA loans

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Commercial

Our team is committed to being the fast, creative, and reliable consultants that will help you close and fund commercial loans while providing seamless customer support from our lenders to your clients.

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Toll Free:(844) 444-4911
Hablamos Español 

Email Us:
General Inquires
team@althas.com
 

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Lenders Retail Center, an Althas d.b.a,  NMLS#1310848 is a State of Florida Licensed Mortgage Brokerage Company serving all Florida cities. Loan inquiries and applications will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Lenders Retail Center -  Althas Co d.b.a. is located at 10981 Bonita Beach Rd, Bonita Springs FL 34135, (239) 400-4707 (877)777-2393 and registered with Nationwide Mortgage Licensing System NMLS ID #1310848, (www.nmlsconsumeraccess.org). Information on our site, emailed after an application or over the phone is not an offer for extension of credit or a commitment to broker or lend. Rates displayed are base average rates provided by third parties. Loans are currently being closed and committed at the expressed rates, however these rates may change or may not be available at the time of your loan lock-in, commitment or closing. All loans must satisfy lender companies underwriting guidelines, which may change without previous notice. Interest rates and APRs are based on recent market rates, and are for informational purposes only, these rates are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other variables. Terms and conditions apply. Additional loan programs may be available. This is not an offer to enter into a rate lock agreement under FL law, or any other applicable law. Call for details. Our Licensed Loans Officers are dedicated to helping you with your residential and commercial mortgage loan financing needs.