Refinancing Two FRMs Into One to Lower Net Cost (3b) Who This Calculator is For: Borrowers with two FRMs trying to decide whether refinancing into one or two new FRMs will reduce their costs. What This Calculator Does:This calculator compares the total cost of retaining two existing FRMs with the cost of refinancing into one or two new FRMs, over a specified future period. It also shows the break-even period for both cases.

For a version of this calculator that derives your prices for different new mortgages, rather than requiring you to input what your prices are, click here.
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