You could save up to $8,967 by refinancing in Year 4 Month 12 with the ARM Mortgage
This remains the best choice until Year 7 Month 3
get a quote
Fixed | Fixed | ||||||
---|---|---|---|---|---|---|---|
YearMonth | Payments | Interest | Principal | Balance | |||
1 | $1,230 | $885 | $344 | $249,656 | |||
2 | $1,230 | $884 | $346 | $249,310 | |||
3 | $1,230 | $883 | $347 | $248,963 | |||
4 | $1,230 | $882 | $348 | $248,615 | |||
5 | $1,230 | $881 | $349 | $248,266 | |||
6 | $1,230 | $879 | $351 | $247,915 | |||
7 | $1,230 | $878 | $352 | $247,563 | |||
8 | $1,230 | $877 | $353 | $247,210 | |||
9 | $1,230 | $876 | $354 | $246,856 | |||
10 | $1,230 | $874 | $356 | $246,500 | |||
11 | $1,230 | $873 | $357 | $246,143 | |||
12 | $1,230 | $872 | $358 | $245,785 | |||
Yr 1 | $14,758 | $10,544 | $4,215 | $245,785 | |||
13 | $1,230 | $870 | $359 | $245,426 | |||
14 | $1,230 | $869 | $361 | $245,065 | |||
15 | $1,230 | $868 | $362 | $244,703 | |||
16 | $1,230 | $867 | $363 | $244,340 | |||
17 | $1,230 | $865 | $364 | $243,976 | |||
18 | $1,230 | $864 | $366 | $243,610 | |||
19 | $1,230 | $863 | $367 | $243,243 | |||
20 | $1,230 | $861 | $368 | $242,875 | |||
21 | $1,230 | $860 | $370 | $242,505 | |||
22 | $1,230 | $859 | $371 | $242,134 | |||
23 | $1,230 | $858 | $372 | $241,762 | |||
24 | $1,230 | $856 | $374 | $241,388 | |||
Yr 2 | $14,758 | $10,361 | $4,397 | $241,388 | |||
25 | $1,230 | $855 | $375 | $241,013 | |||
26 | $1,230 | $854 | $376 | $240,637 | |||
27 | $1,230 | $852 | $378 | $240,259 | |||
28 | $1,230 | $851 | $379 | $239,880 | |||
29 | $1,230 | $850 | $380 | $239,500 | |||
30 | $1,230 | $848 | $382 | $239,118 | |||
31 | $1,230 | $847 | $383 | $238,735 | |||
32 | $1,230 | $846 | $384 | $238,351 | |||
33 | $1,230 | $844 | $386 | $237,965 | |||
34 | $1,230 | $843 | $387 | $237,578 | |||
35 | $1,230 | $841 | $388 | $237,190 | |||
36 | $1,230 | $840 | $390 | $236,800 | |||
Yr 3 | $14,758 | $10,170 | $4,588 | $236,800 | |||
37 | $1,230 | $839 | $391 | $236,409 | |||
38 | $1,230 | $837 | $393 | $236,016 | |||
39 | $1,230 | $836 | $394 | $235,622 | |||
40 | $1,230 | $834 | $395 | $235,227 | |||
41 | $1,230 | $833 | $397 | $234,830 | |||
42 | $1,230 | $832 | $398 | $234,432 | |||
43 | $1,230 | $830 | $400 | $234,033 | |||
44 | $1,230 | $829 | $401 | $233,632 | |||
45 | $1,230 | $827 | $402 | $233,229 | |||
46 | $1,230 | $826 | $404 | $232,825 | |||
47 | $1,230 | $825 | $405 | $232,420 | |||
48 | $1,230 | $823 | $407 | $232,013 | |||
Yr 4 | $14,758 | $9,971 | $4,787 | $232,013 | |||
49 | $1,230 | $822 | $408 | $231,605 | |||
50 | $1,230 | $820 | $410 | $231,196 | |||
51 | $1,230 | $819 | $411 | $230,785 | |||
52 | $1,230 | $817 | $412 | $230,372 | |||
53 | $1,230 | $816 | $414 | $229,958 | |||
54 | $1,230 | $814 | $415 | $229,543 | |||
55 | $1,230 | $813 | $417 | $229,126 | |||
56 | $1,230 | $811 | $418 | $228,708 | |||
57 | $1,230 | $810 | $420 | $228,288 | |||
58 | $1,230 | $809 | $421 | $227,866 | |||
59 | $1,230 | $807 | $423 | $227,444 | |||
60 | $1,230 | $806 | $424 | $227,019 | |||
Yr 5 | $14,758 | $9,764 | $4,994 | $227,019 | |||
61 | $1,230 | $804 | $426 | $226,593 | |||
62 | $1,230 | $803 | $427 | $226,166 | |||
63 | $1,230 | $801 | $429 | $225,737 | |||
64 | $1,230 | $799 | $430 | $225,307 | |||
65 | $1,230 | $798 | $432 | $224,875 | |||
66 | $1,230 | $796 | $433 | $224,442 | |||
67 | $1,230 | $795 | $435 | $224,007 | |||
68 | $1,230 | $793 | $436 | $223,570 | |||
69 | $1,230 | $792 | $438 | $223,132 | |||
70 | $1,230 | $790 | $440 | $222,692 | |||
71 | $1,230 | $789 | $441 | $222,251 | |||
72 | $1,230 | $787 | $443 | $221,809 | |||
Yr 6 | $14,758 | $9,548 | $5,211 | $221,809 | |||
73 | $1,230 | $786 | $444 | $221,364 | |||
74 | $1,230 | $784 | $446 | $220,919 | |||
75 | $1,230 | $782 | $447 | $220,471 | |||
76 | $1,230 | $781 | $449 | $220,022 | |||
77 | $1,230 | $779 | $451 | $219,571 | |||
78 | $1,230 | $778 | $452 | $219,119 | |||
79 | $1,230 | $776 | $454 | $218,665 | |||
80 | $1,230 | $774 | $455 | $218,210 | |||
81 | $1,230 | $773 | $457 | $217,753 | |||
82 | $1,230 | $771 | $459 | $217,294 | |||
83 | $1,230 | $770 | $460 | $216,834 | |||
84 | $1,230 | $768 | $462 | $216,372 | |||
Yr 7 | $14,758 | $9,322 | $5,436 | $216,372 | |||
85 | $1,230 | $766 | $464 | $215,909 | |||
86 | $1,230 | $765 | $465 | $215,444 | |||
87 | $1,230 | $763 | $467 | $214,977 | |||
88 | $1,230 | $761 | $468 | $214,508 | |||
89 | $1,230 | $760 | $470 | $214,038 | |||
90 | $1,230 | $758 | $472 | $213,566 | |||
91 | $1,230 | $756 | $473 | $213,093 | |||
92 | $1,230 | $755 | $475 | $212,618 | |||
93 | $1,230 | $753 | $477 | $212,141 | |||
94 | $1,230 | $751 | $479 | $211,662 | |||
95 | $1,230 | $750 | $480 | $211,182 | |||
96 | $1,230 | $748 | $482 | $210,700 | |||
Yr 8 | $14,758 | $9,086 | $5,672 | $210,700 |
difference |
---|
$-156 Less > |
$-156 Less > |
$-156 Less > |
$-156 Less > |
$-155 Less > |
$-155 Less > |
$-155 Less > |
$-155 Less > |
$-155 Less > |
$-154 Less > |
$-154 Less > |
$-154 Less > |
$-1,861 Less > |
$-154 Less > |
$-153 Less > |
$-153 Less > |
$-153 Less > |
$-153 Less > |
$-152 Less > |
$-152 Less > |
$-152 Less > |
$-152 Less > |
$-152 Less > |
$-151 Less > |
$-151 Less > |
$-1,828 Less > |
$-151 Less > |
$-151 Less > |
$-150 Less > |
$-150 Less > |
$-150 Less > |
$-150 Less > |
$-149 Less > |
$-149 Less > |
$-149 Less > |
$-149 Less > |
$-148 Less > |
$-148 Less > |
$-1,795 Less > |
$-148 Less > |
$-148 Less > |
$-148 Less > |
$-147 Less > |
$-147 Less > |
$-147 Less > |
$-147 Less > |
$-146 Less > |
$-146 Less > |
$-146 Less > |
$-146 Less > |
$-145 Less > |
$-1,760 Less > |
$-145 Less > |
$-145 Less > |
$-144 Less > |
$-144 Less > |
$-144 Less > |
$-144 Less > |
$-143 Less > |
$-143 Less > |
$-143 Less > |
$-143 Less > |
$-142 Less > |
$-142 Less > |
$-1,723 Less > |
< Less$236 |
< Less$236 |
< Less$236 |
< Less$235 |
< Less$235 |
< Less$234 |
< Less$234 |
< Less$233 |
< Less$233 |
< Less$232 |
< Less$232 |
< Less$232 |
< Less$2,808 |
< Less$416 |
< Less$415 |
< Less$414 |
< Less$413 |
< Less$413 |
< Less$412 |
< Less$411 |
< Less$410 |
< Less$409 |
< Less$408 |
< Less$407 |
< Less$407 |
< Less$4,935 |
< Less$586 |
< Less$585 |
< Less$583 |
< Less$582 |
< Less$581 |
< Less$580 |
< Less$578 |
< Less$577 |
< Less$576 |
< Less$575 |
< Less$573 |
< Less$572 |
< Less$6,948 |
ARM | ARM | |||||
---|---|---|---|---|---|---|
Year | Payments | Interest | Principal | Balance | ||
1 | $1,123 | $729 | $344 | $249,656 | ||
2 | $1,123 | $728 | $346 | $249,310 | ||
3 | $1,123 | $727 | $347 | $248,963 | ||
4 | $1,123 | $726 | $348 | $248,615 | ||
5 | $1,123 | $725 | $349 | $248,266 | ||
6 | $1,123 | $724 | $351 | $247,915 | ||
7 | $1,123 | $723 | $352 | $247,563 | ||
8 | $1,123 | $722 | $353 | $247,210 | ||
9 | $1,123 | $721 | $354 | $246,856 | ||
10 | $1,123 | $720 | $356 | $246,500 | ||
11 | $1,123 | $719 | $357 | $246,143 | ||
12 | $1,123 | $718 | $358 | $245,785 | ||
Yr 1 | $13,471 | $8,683 | $4,215 | $245,785 | ||
13 | $1,123 | $717 | $359 | $245,426 | ||
14 | $1,123 | $716 | $361 | $245,065 | ||
15 | $1,123 | $715 | $362 | $244,703 | ||
16 | $1,123 | $714 | $363 | $244,340 | ||
17 | $1,123 | $713 | $364 | $243,976 | ||
18 | $1,123 | $712 | $366 | $243,610 | ||
19 | $1,123 | $711 | $367 | $243,243 | ||
20 | $1,123 | $709 | $368 | $242,875 | ||
21 | $1,123 | $708 | $370 | $242,505 | ||
22 | $1,123 | $707 | $371 | $242,134 | ||
23 | $1,123 | $706 | $372 | $241,762 | ||
24 | $1,123 | $705 | $374 | $241,388 | ||
Yr 2 | $13,471 | $8,532 | $4,397 | $241,388 | ||
25 | $1,123 | $704 | $375 | $241,013 | ||
26 | $1,123 | $703 | $376 | $240,637 | ||
27 | $1,123 | $702 | $378 | $240,259 | ||
28 | $1,123 | $701 | $379 | $239,880 | ||
29 | $1,123 | $700 | $380 | $239,500 | ||
30 | $1,123 | $699 | $382 | $239,118 | ||
31 | $1,123 | $697 | $383 | $238,735 | ||
32 | $1,123 | $696 | $384 | $238,351 | ||
33 | $1,123 | $695 | $386 | $237,965 | ||
34 | $1,123 | $694 | $387 | $237,578 | ||
35 | $1,123 | $693 | $388 | $237,190 | ||
36 | $1,123 | $692 | $390 | $236,800 | ||
Yr 3 | $13,471 | $8,376 | $4,588 | $236,800 | ||
37 | $1,123 | $691 | $391 | $236,409 | ||
38 | $1,123 | $690 | $393 | $236,016 | ||
39 | $1,123 | $688 | $394 | $235,622 | ||
40 | $1,123 | $687 | $395 | $235,227 | ||
41 | $1,123 | $686 | $397 | $234,830 | ||
42 | $1,123 | $685 | $398 | $234,432 | ||
43 | $1,123 | $684 | $400 | $234,033 | ||
44 | $1,123 | $683 | $401 | $233,632 | ||
45 | $1,123 | $681 | $402 | $233,229 | ||
46 | $1,123 | $680 | $404 | $232,825 | ||
47 | $1,123 | $679 | $405 | $232,420 | ||
48 | $1,123 | $678 | $407 | $232,013 | ||
Yr 4 | $13,471 | $8,212 | $4,787 | $232,013 | ||
49 | $1,123 | $677 | $408 | $231,605 | ||
50 | $1,123 | $676 | $410 | $231,196 | ||
51 | $1,123 | $674 | $411 | $230,785 | ||
52 | $1,123 | $673 | $412 | $230,372 | ||
53 | $1,123 | $672 | $414 | $229,958 | ||
54 | $1,123 | $671 | $415 | $229,543 | ||
55 | $1,123 | $669 | $417 | $229,126 | ||
56 | $1,123 | $668 | $418 | $228,708 | ||
57 | $1,123 | $667 | $420 | $228,288 | ||
58 | $1,123 | $666 | $421 | $227,866 | ||
59 | $1,123 | $665 | $423 | $227,444 | ||
60 | $1,264 | $663 | $424 | $227,019 | ||
Yr 5 | $13,613 | $8,041 | $4,994 | $227,019 | ||
61 | $1,264 | $1,041 | $426 | $226,593 | ||
62 | $1,264 | $1,039 | $427 | $226,166 | ||
63 | $1,264 | $1,037 | $429 | $225,737 | ||
64 | $1,264 | $1,035 | $430 | $225,307 | ||
65 | $1,264 | $1,033 | $432 | $224,875 | ||
66 | $1,264 | $1,031 | $433 | $224,442 | ||
67 | $1,264 | $1,029 | $435 | $224,007 | ||
68 | $1,264 | $1,027 | $436 | $223,570 | ||
69 | $1,264 | $1,025 | $438 | $223,132 | ||
70 | $1,264 | $1,023 | $440 | $222,692 | ||
71 | $1,264 | $1,021 | $441 | $222,251 | ||
72 | $1,525 | $1,019 | $443 | $221,809 | ||
Yr 6 | $15,430 | $12,356 | $5,211 | $221,809 | ||
73 | $1,523 | $1,201 | $444 | $221,364 | ||
74 | $1,523 | $1,199 | $446 | $220,919 | ||
75 | $1,523 | $1,197 | $447 | $220,471 | ||
76 | $1,523 | $1,194 | $449 | $220,022 | ||
77 | $1,523 | $1,192 | $451 | $219,571 | ||
78 | $1,523 | $1,189 | $452 | $219,119 | ||
79 | $1,523 | $1,187 | $454 | $218,665 | ||
80 | $1,523 | $1,184 | $455 | $218,210 | ||
81 | $1,523 | $1,182 | $457 | $217,753 | ||
82 | $1,523 | $1,179 | $459 | $217,294 | ||
83 | $1,523 | $1,177 | $460 | $216,834 | ||
84 | $1,650 | $1,175 | $462 | $216,372 | ||
Yr 7 | $18,401 | $14,257 | $5,436 | $216,372 | ||
85 | $1,647 | $1,352 | $464 | $215,909 | ||
86 | $1,647 | $1,349 | $465 | $215,444 | ||
87 | $1,647 | $1,347 | $467 | $214,977 | ||
88 | $1,647 | $1,344 | $468 | $214,508 | ||
89 | $1,647 | $1,341 | $470 | $214,038 | ||
90 | $1,647 | $1,338 | $472 | $213,566 | ||
91 | $1,647 | $1,335 | $473 | $213,093 | ||
92 | $1,647 | $1,332 | $475 | $212,618 | ||
93 | $1,647 | $1,329 | $477 | $212,141 | ||
94 | $1,647 | $1,326 | $479 | $211,662 | ||
95 | $1,647 | $1,323 | $480 | $211,182 | ||
96 | $1,647 | $1,320 | $482 | $210,700 | ||
Yr 8 | $19,769 | $16,034 | $5,672 | $210,700 |