Thinking about refinancing your home? Use the breakeven?calculator to determine how long it will take to recoup the refinancing fees and how much you will save each month. Taxes and insurance will be estimated for you. Enter amounts in the fields below and the calculator will estimate?your monthly?savings and the number of months it will take for your monthly?savings to surpass refinancing fees.


Sale price


Down payment*

($5,000) %
Minimum 5% down required. For loans with less than 5% down, please contact Mike Shore.*

Interest Rate


Loan Term

Your Payment:
$663.35 per month

Here is how your monthly mortgage payment is calculated on a 30 year loan at 4.5%:

The amount of your loan is $95,000 with your $5,000 down payment.

Your principal and interest is $481.35 per month.

Your estimated homeowner's insurance is $40 per month.

Your estimated property taxes are $92 per month.

The Private Mortgage Insurance (PMI) cost for this loan is $50 per month because of your 5% down payment.

Have questions? Give me a call at (208) 232-7711 ext 120 or email me today!


Information provided by?the calculator is an estimate based on the information that you provide. Information provided is not guaranteed and all loan products may not be available for your specific situation. If you have any questions, please give Mike Shore a call at 208-221-5855 (mobile) or?208-232-7711 ext 120 (office).