Mortgage Loan Comparison

Blackham Refinance Analysis • Loan Amount: $452,053

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

All Scenarios Comparison

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

$

Single lump sum applied to principal

Total Interest Saved

$0

vs. standard payments

Years Saved

0 years

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