Team: Candid Real Estate Group
Brokerage: RE/MAX 2000 Realty
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Calculators · Owning and renewing
Your lender's offer against another rate: payment difference, interest saved and the extra equity at the end of the term.
Worth over the term
$13,668
$156 a month less, $13,668 less interest over 5 years, and $4,284 more paid off at the end of the term.
Interest over the term
Side by side
Renewal is the one time a switch is nearly free
These calculators are educational illustrations, not advice and not an offer of credit. Figures are estimates from the inputs you enter and simplified rules; your lender's calculation, rates, fees, taxes and qualification will differ and are confirmed only by a licensed mortgage professional, lawyer or accountant. Mervin Truong is a licensed real estate professional, not a mortgage broker or financial advisor.
From estimate to plan
A calculator describes a scenario. I'll read it against what's selling now and introduce a licensed mortgage professional to confirm what you qualify for.