Refinance Calculator (3e)
Refinancing an ARM into a FRM to Lower Risk
Who This Calculator is For: Borrowers with a ARM, worried about rising interest rates,
trying to decide whether they should refinance into an FRM.
What This Calculator Does:This calculator compares the total cost of retaining
an existing ARM with that of refinancing into a new FRM, over a specified
future period. It allows the upfront refinance costs to be financed.