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Refinancing your mortgage can be a really valuable option as a homeowner. However, there are costs associated with refinancing, which can out weight any potential savings you might make. As a result, it's important to understand how much a mortgage refinance will cost you before you pull the trigger - that's where a mortgage refinance calculator comes in handy.
The mortgage refinance calculator above will do the hard work for you, estimating the penalties associated with refinancing, as well as the potential savings you'll make from getting a new mortgage at today's rates. While there are some non-financial reason you might want to refinance your mortgage, our calculator gives you the information you need to start making a decision.
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