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Help determine if refinancing may be right for you by comparing estimated closing costs for a new mortgage to the savings on interest resulting from a lower rate.
Understand how estimated closing costs to refinance your mortgage compare to the potential interest savings over the life of your loan.
Compare the monthly mortgage payment for fixed- and adjustable-rate mortgage (ARM) loans, given the terms of the loans.
Calculate the mortgage settlement charges (or closing costs) for a given set of loan terms, including an amount for private mortgage insurance (PMI) if required.
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