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Advanced | Simple | Discount Points | Early Payoff | Lump Sum | Refinance | HELOC | Recast | Interest Only | Balloon | Second |
15 Year Mortgage Refinance Calculator to refinance your 30-year mortgage into a 15-year mortgage or refinance a 15-year mortgage into a new mortgage with a lower interest rate.
Mortgage Refinance Calculator Results |
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New Monthly Payment: |
$1,260.43 | |||||
Payoff Date: |
Jan, 2040 | |||||
Closing Cost: |
$3,600.00 | |||||
Other Expenses: |
$0.00 | |||||
Interest Savings: |
$216,705.70 | |||||
Total Savings: |
$213,105.70 | |||||
Mortgage Refinance Amortization Schedule |
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Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Feb, 2025 | 1 | $480.00 | $780.43 | $1,260.43 | $179,219.57 | |
Mar, 2025 | 2 | $477.92 | $782.52 | $1,260.43 | $178,437.05 | |
Apr, 2025 | 3 | $475.83 | $784.60 | $1,260.43 | $177,652.45 | |
May, 2025 | 4 | $473.74 | $786.69 | $1,260.43 | $176,865.75 | |
Jun, 2025 | 5 | $471.64 | $788.79 | $1,260.43 | $176,076.96 | |
Jul, 2025 | 6 | $469.54 | $790.90 | $1,260.43 | $175,286.07 | |
Aug, 2025 | 7 | $467.43 | $793.00 | $1,260.43 | $174,493.06 | |
Sep, 2025 | 8 | $465.31 | $795.12 | $1,260.43 | $173,697.94 | |
Oct, 2025 | 9 | $463.19 | $797.24 | $1,260.43 | $172,900.70 | |
Nov, 2025 | 10 | $461.07 | $799.37 | $1,260.43 | $172,101.34 | |
Dec, 2025 | 11 | $458.94 | $801.50 | $1,260.43 | $171,299.84 | |
Jan, 2026 | 12 | $456.80 | $803.63 | $1,260.43 | $170,496.21 | |
Feb, 2026 | 13 | $454.66 | $805.78 | $1,260.43 | $169,690.43 | |
Mar, 2026 | 14 | $452.51 | $807.93 | $1,260.43 | $168,882.50 | |
Apr, 2026 | 15 | $450.35 | $810.08 | $1,260.43 | $168,072.42 | |
May, 2026 | 16 | $448.19 | $812.24 | $1,260.43 | $167,260.18 | |
Jun, 2026 | 17 | $446.03 | $814.41 | $1,260.43 | $166,445.77 | |
Jul, 2026 | 18 | $443.86 | $816.58 | $1,260.43 | $165,629.19 | |
Aug, 2026 | 19 | $441.68 | $818.76 | $1,260.43 | $164,810.44 | |
Sep, 2026 | 20 | $439.49 | $820.94 | $1,260.43 | $163,989.50 | |
Oct, 2026 | 21 | $437.31 | $823.13 | $1,260.43 | $163,166.37 | |
Nov, 2026 | 22 | $435.11 | $825.32 | $1,260.43 | $162,341.05 | |
Dec, 2026 | 23 | $432.91 | $827.52 | $1,260.43 | $161,513.52 | |
Jan, 2027 | 24 | $430.70 | $829.73 | $1,260.43 | $160,683.79 | |
Feb, 2027 | 25 | $428.49 | $831.94 | $1,260.43 | $159,851.85 | |
Mar, 2027 | 26 | $426.27 | $834.16 | $1,260.43 | $159,017.68 | |
Apr, 2027 | 27 | $424.05 | $836.39 | $1,260.43 | $158,181.30 | |
May, 2027 | 28 | $421.82 | $838.62 | $1,260.43 | $157,342.68 | |
Jun, 2027 | 29 | $419.58 | $840.85 | $1,260.43 | $156,501.82 | |
Jul, 2027 | 30 | $417.34 | $843.10 | $1,260.43 | $155,658.73 | |
Aug, 2027 | 31 | $415.09 | $845.34 | $1,260.43 | $154,813.38 | |
Sep, 2027 | 32 | $412.84 | $847.60 | $1,260.43 | $153,965.79 | |
Oct, 2027 | 33 | $410.58 | $849.86 | $1,260.43 | $153,115.93 | |
Nov, 2027 | 34 | $408.31 | $852.13 | $1,260.43 | $152,263.80 | |
Dec, 2027 | 35 | $406.04 | $854.40 | $1,260.43 | $151,409.40 | |
Jan, 2028 | 36 | $403.76 | $856.68 | $1,260.43 | $150,552.73 | |
Feb, 2028 | 37 | $401.47 | $858.96 | $1,260.43 | $149,693.77 | |
Mar, 2028 | 38 | $399.18 | $861.25 | $1,260.43 | $148,832.52 | |
Apr, 2028 | 39 | $396.89 | $863.55 | $1,260.43 | $147,968.97 | |
May, 2028 | 40 | $394.58 | $865.85 | $1,260.43 | $147,103.12 | |
Jun, 2028 | 41 | $392.27 | $868.16 | $1,260.43 | $146,234.96 | |
Jul, 2028 | 42 | $389.96 | $870.47 | $1,260.43 | $145,364.49 | |
Aug, 2028 | 43 | $387.64 | $872.80 | $1,260.43 | $144,491.69 | |
Sep, 2028 | 44 | $385.31 | $875.12 | $1,260.43 | $143,616.57 | |
Oct, 2028 | 45 | $382.98 | $877.46 | $1,260.43 | $142,739.11 | |
Nov, 2028 | 46 | $380.64 | $879.80 | $1,260.43 | $141,859.32 | |
Dec, 2028 | 47 | $378.29 | $882.14 | $1,260.43 | $140,977.17 | |
Jan, 2029 | 48 | $375.94 | $884.50 | $1,260.43 | $140,092.68 | |
Feb, 2029 | 49 | $373.58 | $886.85 | $1,260.43 | $139,205.82 | |
Mar, 2029 | 50 | $371.22 | $889.22 | $1,260.43 | $138,316.61 | |
Apr, 2029 | 51 | $368.84 | $891.59 | $1,260.43 | $137,425.02 | |
May, 2029 | 52 | $366.47 | $893.97 | $1,260.43 | $136,531.05 | |
Jun, 2029 | 53 | $364.08 | $896.35 | $1,260.43 | $135,634.70 | |
Jul, 2029 | 54 | $361.69 | $898.74 | $1,260.43 | $134,735.96 | |
Aug, 2029 | 55 | $359.30 | $901.14 | $1,260.43 | $133,834.82 | |
Sep, 2029 | 56 | $356.89 | $903.54 | $1,260.43 | $132,931.28 | |
Oct, 2029 | 57 | $354.48 | $905.95 | $1,260.43 | $132,025.32 | |
Nov, 2029 | 58 | $352.07 | $908.37 | $1,260.43 | $131,116.96 | |
Dec, 2029 | 59 | $349.65 | $910.79 | $1,260.43 | $130,206.17 | |
Jan, 2030 | 60 | $347.22 | $913.22 | $1,260.43 | $129,292.95 | |
Feb, 2030 | 61 | $344.78 | $915.65 | $1,260.43 | $128,377.30 | |
Mar, 2030 | 62 | $342.34 | $918.09 | $1,260.43 | $127,459.20 | |
Apr, 2030 | 63 | $339.89 | $920.54 | $1,260.43 | $126,538.66 | |
May, 2030 | 64 | $337.44 | $923.00 | $1,260.43 | $125,615.66 | |
Jun, 2030 | 65 | $334.98 | $925.46 | $1,260.43 | $124,690.20 | |
Jul, 2030 | 66 | $332.51 | $927.93 | $1,260.43 | $123,762.28 | |
Aug, 2030 | 67 | $330.03 | $930.40 | $1,260.43 | $122,831.88 | |
Sep, 2030 | 68 | $327.55 | $932.88 | $1,260.43 | $121,898.99 | |
Oct, 2030 | 69 | $325.06 | $935.37 | $1,260.43 | $120,963.62 | |
Nov, 2030 | 70 | $322.57 | $937.86 | $1,260.43 | $120,025.76 | |
Dec, 2030 | 71 | $320.07 | $940.37 | $1,260.43 | $119,085.39 | |
Jan, 2031 | 72 | $317.56 | $942.87 | $1,260.43 | $118,142.52 | |
Feb, 2031 | 73 | $315.05 | $945.39 | $1,260.43 | $117,197.13 | |
Mar, 2031 | 74 | $312.53 | $947.91 | $1,260.43 | $116,249.22 | |
Apr, 2031 | 75 | $310.00 | $950.44 | $1,260.43 | $115,298.79 | |
May, 2031 | 76 | $307.46 | $952.97 | $1,260.43 | $114,345.82 | |
Jun, 2031 | 77 | $304.92 | $955.51 | $1,260.43 | $113,390.31 | |
Jul, 2031 | 78 | $302.37 | $958.06 | $1,260.43 | $112,432.25 | |
Aug, 2031 | 79 | $299.82 | $960.61 | $1,260.43 | $111,471.63 | |
Sep, 2031 | 80 | $297.26 | $963.18 | $1,260.43 | $110,508.45 | |
Oct, 2031 | 81 | $294.69 | $965.74 | $1,260.43 | $109,542.71 | |
Nov, 2031 | 82 | $292.11 | $968.32 | $1,260.43 | $108,574.39 | |
Dec, 2031 | 83 | $289.53 | $970.90 | $1,260.43 | $107,603.49 | |
Jan, 2032 | 84 | $286.94 | $973.49 | $1,260.43 | $106,629.99 | |
Feb, 2032 | 85 | $284.35 | $976.09 | $1,260.43 | $105,653.91 | |
Mar, 2032 | 86 | $281.74 | $978.69 | $1,260.43 | $104,675.22 | |
Apr, 2032 | 87 | $279.13 | $981.30 | $1,260.43 | $103,693.92 | |
May, 2032 | 88 | $276.52 | $983.92 | $1,260.43 | $102,710.00 | |
Jun, 2032 | 89 | $273.89 | $986.54 | $1,260.43 | $101,723.46 | |
Jul, 2032 | 90 | $271.26 | $989.17 | $1,260.43 | $100,734.29 | |
Aug, 2032 | 91 | $268.62 | $991.81 | $1,260.43 | $99,742.48 | |
Sep, 2032 | 92 | $265.98 | $994.45 | $1,260.43 | $98,748.02 | |
Oct, 2032 | 93 | $263.33 | $997.11 | $1,260.43 | $97,750.92 | |
Nov, 2032 | 94 | $260.67 | $999.77 | $1,260.43 | $96,751.15 | |
Dec, 2032 | 95 | $258.00 | $1,002.43 | $1,260.43 | $95,748.72 | |
Jan, 2033 | 96 | $255.33 | $1,005.10 | $1,260.43 | $94,743.62 | |
Feb, 2033 | 97 | $252.65 | $1,007.78 | $1,260.43 | $93,735.83 | |
Mar, 2033 | 98 | $249.96 | $1,010.47 | $1,260.43 | $92,725.36 | |
Apr, 2033 | 99 | $247.27 | $1,013.17 | $1,260.43 | $91,712.19 | |
May, 2033 | 100 | $244.57 | $1,015.87 | $1,260.43 | $90,696.33 | |
Jun, 2033 | 101 | $241.86 | $1,018.58 | $1,260.43 | $89,677.75 | |
Jul, 2033 | 102 | $239.14 | $1,021.29 | $1,260.43 | $88,656.46 | |
Aug, 2033 | 103 | $236.42 | $1,024.02 | $1,260.43 | $87,632.44 | |
Sep, 2033 | 104 | $233.69 | $1,026.75 | $1,260.43 | $86,605.69 | |
Oct, 2033 | 105 | $230.95 | $1,029.49 | $1,260.43 | $85,576.20 | |
Nov, 2033 | 106 | $228.20 | $1,032.23 | $1,260.43 | $84,543.97 | |
Dec, 2033 | 107 | $225.45 | $1,034.98 | $1,260.43 | $83,508.99 | |
Jan, 2034 | 108 | $222.69 | $1,037.74 | $1,260.43 | $82,471.25 | |
Feb, 2034 | 109 | $219.92 | $1,040.51 | $1,260.43 | $81,430.74 | |
Mar, 2034 | 110 | $217.15 | $1,043.29 | $1,260.43 | $80,387.45 | |
Apr, 2034 | 111 | $214.37 | $1,046.07 | $1,260.43 | $79,341.38 | |
May, 2034 | 112 | $211.58 | $1,048.86 | $1,260.43 | $78,292.53 | |
Jun, 2034 | 113 | $208.78 | $1,051.65 | $1,260.43 | $77,240.87 | |
Jul, 2034 | 114 | $205.98 | $1,054.46 | $1,260.43 | $76,186.41 | |
Aug, 2034 | 115 | $203.16 | $1,057.27 | $1,260.43 | $75,129.14 | |
Sep, 2034 | 116 | $200.34 | $1,060.09 | $1,260.43 | $74,069.05 | |
Oct, 2034 | 117 | $197.52 | $1,062.92 | $1,260.43 | $73,006.14 | |
Nov, 2034 | 118 | $194.68 | $1,065.75 | $1,260.43 | $71,940.39 | |
Dec, 2034 | 119 | $191.84 | $1,068.59 | $1,260.43 | $70,871.79 | |
Jan, 2035 | 120 | $188.99 | $1,071.44 | $1,260.43 | $69,800.35 | |
Feb, 2035 | 121 | $186.13 | $1,074.30 | $1,260.43 | $68,726.05 | |
Mar, 2035 | 122 | $183.27 | $1,077.16 | $1,260.43 | $67,648.88 | |
Apr, 2035 | 123 | $180.40 | $1,080.04 | $1,260.43 | $66,568.85 | |
May, 2035 | 124 | $177.52 | $1,082.92 | $1,260.43 | $65,485.93 | |
Jun, 2035 | 125 | $174.63 | $1,085.81 | $1,260.43 | $64,400.13 | |
Jul, 2035 | 126 | $171.73 | $1,088.70 | $1,260.43 | $63,311.42 | |
Aug, 2035 | 127 | $168.83 | $1,091.60 | $1,260.43 | $62,219.82 | |
Sep, 2035 | 128 | $165.92 | $1,094.51 | $1,260.43 | $61,125.31 | |
Oct, 2035 | 129 | $163.00 | $1,097.43 | $1,260.43 | $60,027.87 | |
Nov, 2035 | 130 | $160.07 | $1,100.36 | $1,260.43 | $58,927.51 | |
Dec, 2035 | 131 | $157.14 | $1,103.29 | $1,260.43 | $57,824.22 | |
Jan, 2036 | 132 | $154.20 | $1,106.24 | $1,260.43 | $56,717.98 | |
Feb, 2036 | 133 | $151.25 | $1,109.19 | $1,260.43 | $55,608.80 | |
Mar, 2036 | 134 | $148.29 | $1,112.14 | $1,260.43 | $54,496.65 | |
Apr, 2036 | 135 | $145.32 | $1,115.11 | $1,260.43 | $53,381.54 | |
May, 2036 | 136 | $142.35 | $1,118.08 | $1,260.43 | $52,263.46 | |
Jun, 2036 | 137 | $139.37 | $1,121.06 | $1,260.43 | $51,142.39 | |
Jul, 2036 | 138 | $136.38 | $1,124.05 | $1,260.43 | $50,018.34 | |
Aug, 2036 | 139 | $133.38 | $1,127.05 | $1,260.43 | $48,891.29 | |
Sep, 2036 | 140 | $130.38 | $1,130.06 | $1,260.43 | $47,761.23 | |
Oct, 2036 | 141 | $127.36 | $1,133.07 | $1,260.43 | $46,628.16 | |
Nov, 2036 | 142 | $124.34 | $1,136.09 | $1,260.43 | $45,492.07 | |
Dec, 2036 | 143 | $121.31 | $1,139.12 | $1,260.43 | $44,352.95 | |
Jan, 2037 | 144 | $118.27 | $1,142.16 | $1,260.43 | $43,210.79 | |
Feb, 2037 | 145 | $115.23 | $1,145.21 | $1,260.43 | $42,065.58 | |
Mar, 2037 | 146 | $112.17 | $1,148.26 | $1,260.43 | $40,917.32 | |
Apr, 2037 | 147 | $109.11 | $1,151.32 | $1,260.43 | $39,766.00 | |
May, 2037 | 148 | $106.04 | $1,154.39 | $1,260.43 | $38,611.61 | |
Jun, 2037 | 149 | $102.96 | $1,157.47 | $1,260.43 | $37,454.14 | |
Jul, 2037 | 150 | $99.88 | $1,160.56 | $1,260.43 | $36,293.58 | |
Aug, 2037 | 151 | $96.78 | $1,163.65 | $1,260.43 | $35,129.93 | |
Sep, 2037 | 152 | $93.68 | $1,166.75 | $1,260.43 | $33,963.18 | |
Oct, 2037 | 153 | $90.57 | $1,169.87 | $1,260.43 | $32,793.31 | |
Nov, 2037 | 154 | $87.45 | $1,172.99 | $1,260.43 | $31,620.33 | |
Dec, 2037 | 155 | $84.32 | $1,176.11 | $1,260.43 | $30,444.21 | |
Jan, 2038 | 156 | $81.18 | $1,179.25 | $1,260.43 | $29,264.96 | |
Feb, 2038 | 157 | $78.04 | $1,182.39 | $1,260.43 | $28,082.57 | |
Mar, 2038 | 158 | $74.89 | $1,185.55 | $1,260.43 | $26,897.02 | |
Apr, 2038 | 159 | $71.73 | $1,188.71 | $1,260.43 | $25,708.31 | |
May, 2038 | 160 | $68.56 | $1,191.88 | $1,260.43 | $24,516.43 | |
Jun, 2038 | 161 | $65.38 | $1,195.06 | $1,260.43 | $23,321.38 | |
Jul, 2038 | 162 | $62.19 | $1,198.24 | $1,260.43 | $22,123.13 | |
Aug, 2038 | 163 | $59.00 | $1,201.44 | $1,260.43 | $20,921.69 | |
Sep, 2038 | 164 | $55.79 | $1,204.64 | $1,260.43 | $19,717.05 | |
Oct, 2038 | 165 | $52.58 | $1,207.86 | $1,260.43 | $18,509.20 | |
Nov, 2038 | 166 | $49.36 | $1,211.08 | $1,260.43 | $17,298.12 | |
Dec, 2038 | 167 | $46.13 | $1,214.31 | $1,260.43 | $16,083.81 | |
Jan, 2039 | 168 | $42.89 | $1,217.54 | $1,260.43 | $14,866.27 | |
Feb, 2039 | 169 | $39.64 | $1,220.79 | $1,260.43 | $13,645.48 | |
Mar, 2039 | 170 | $36.39 | $1,224.05 | $1,260.43 | $12,421.43 | |
Apr, 2039 | 171 | $33.12 | $1,227.31 | $1,260.43 | $11,194.12 | |
May, 2039 | 172 | $29.85 | $1,230.58 | $1,260.43 | $9,963.54 | |
Jun, 2039 | 173 | $26.57 | $1,233.86 | $1,260.43 | $8,729.67 | |
Jul, 2039 | 174 | $23.28 | $1,237.16 | $1,260.43 | $7,492.52 | |
Aug, 2039 | 175 | $19.98 | $1,240.45 | $1,260.43 | $6,252.07 | |
Sep, 2039 | 176 | $16.67 | $1,243.76 | $1,260.43 | $5,008.30 | |
Oct, 2039 | 177 | $13.36 | $1,247.08 | $1,260.43 | $3,761.22 | |
Nov, 2039 | 178 | $10.03 | $1,250.40 | $1,260.43 | $2,510.82 | |
Dec, 2039 | 179 | $6.70 | $1,253.74 | $1,260.43 | $1,257.08 | |
Jan, 2040 | 180 | $3.35 | $1,257.08 | $1,260.43 | $0.00 | |
Original vs. Mortgage Refinance |
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Original | Mortgage Refinance | |||||
Monthly Payment | $811.56 | $1,260.43 | ||||
Total Interest | $263,583.84 | $46,878.15 | ||||
Total Principal | $180,000.00 | $180,000.00 | ||||
Total Payment | $443,583.84 | $226,878.15 | ||||
Closing Cost | $0 | $3,600.00 | ||||
Other Expenses | $0 | $0.00 | ||||
Total Interest Savings | $0 | $216,705.70 | ||||
Total Savings | $0 | $213,105.70 | ||||
Payoff Date | Aug, 2070 | Jan, 2040 |
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