Mortgage Loan Q & A
3 refinance calculators – 3 different answers?
http://www.bankrate.com/calculators/mortgages/refinance-calculator.aspx
http://www.lendingtree.com/mortgage-refinance/calculators/
http://www.bankofamerica.com/loansandhomes/index.cfm?template=learn_calculators&context=financenter&calcid=home11
I used each of these mortgage calculators to see if I should refinance, using the same conditions for each one. I have gotten answers from I will save $50K in interest (bankrate) to I shouln’t refianance (lending tree). What gives? Some ask for a savings rate and some don’t.
Which do you think is most accurate?
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Refinance mortgage
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