Refinance IQ
Analysis Tool · v2.0
Current Loan
▲
$
%
yrs
mo
$
FHA Details
$
$
Auto-fills at 1.75% — adjust if different
New Loan
▲
Used for prepaid interest & payment skip
%
$
$
Monthly Escrow
$/ yr
$/ yr
$/ yr
Costs the borrower pays regardless — reestablishing escrow with the new lender.
Closing Costs
▲
FHA Mortgage Insurance
New UFMIP (1.75%)
$
UFMIP Refund Credit
-$
Net UFMIP
$0
Prepaids
Prepaid Interest AUTO
—
Initial Escrow Deposit AUTO
—
2 months taxes + insurance collected at closing
Total Closing Costs
$0
$
Returned ~30 days after payoff. Not an out-of-pocket cost.
Effective Out-of-Pocket
$0
Payment Skip
▲
Uses the Estimated Close Date from the New Loan section.
Debt Consolidation
▲
AccountBalanceMo. Pmt
Eliminated monthly payments are added to your total monthly savings.
Client Details
▲
Enter current loan details and a new rate to see your live analysis.