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Amortization Calculator. An amortization calculator can show you how your principal and interest are paid over the life of your loan, and how much you can save by making additional mortgage payments.
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Does it make sense to refinance? Deciding if it makes sense to refinance starts with this question: What are your financial goals? Whether you want to lower your monthly payment, get a lower interest rate, shorten your term or do a cash-out refinance, our refinance calculator can help you determine if refinancing can help you meet your goals.
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With four ways to calculate, you can compare your mortgage numbers using today’s rates from quicken loans. purchase calculator: determine your monthly payment while house hunting Home Affordability Calculator: See how much home you can afford Refinance Calculator: Learn if refinancing makes sense for you
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The Quicken 2012 Refinance Calculator merely calculates the difference in mortgage payments if you make new, lower payments; then it tells you how long it would take the savings from these lower payments to pay back the refinancing costs you incur.