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Refinance Calculator | Bankrate

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What is mortgage refinancing? Mortgage refinancing is when you replace your current home loan with a new one. Just like any other loan, you apply for refinancing, which includes a thorough check of your credit, income, employment history and finances. Ideally, you’ll also get a lower rate in the process.

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Amortization Schedule Calculator – NerdWallet

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Or you might want to compare different loan terms before refinancing. This information is viewed on an “amortization schedule” — a table that breaks down each payment month by month. “Monthly payment” shows the estimated monthly payment, including principal and interest, property taxes and homeowners insurance.