Consolidation Calculator

Mortgage Consolidation & Refinancing Calculator
This calculator will help you to decide whether or not it would be advantageous for you to consolidate a first and second mortgage and refinance into a single mortgage with a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs. Note: Be sure to only include the principal and interest portion of your monthly mortgage payment, i.e., do not include any escrow portions (property taxes, insurance, etc.).
First Mortgage
Enter the principal balance of your first mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your first mortgage's current interest rate:
Second Mortgage
Enter the principal balance of your second mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your second mortgage's current interest rate:
Refinancing
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?

 

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Call Us: (800) 836-5210
Email Us: info@riverstonemortgage.com

 

WE ONLY LEND IN TEXAS

Normal Office Hours: Monday - Friday 9:00am - 5:00pm CST  |  Nights & Weekends by appointment.

 

NMLS Licenses (TX): All loans originated as Secure Financial Services, Inc., 2500 West Loop South, Suite 250, Houston, TX 77027; NMLS #70160; www.securemortgagecompany.com . 
 Robin Deanice Mattern Sr. Loan Officer, & Sr. Processor dba Kell Processing NMLS #292063/348289. Riverstone Mortgage is a Registered Service Mark used under a licensing agreement.  All content on this website is copyrighted and may not be copied or reproduced in full or in part.

 

Rates shown are subject to market conditions and may change at any time without notice. Your rate may only be locked by a licensed loan officer. Call 1-800-836-5210 to execute a rate lock. Not everyone will qualify. Rates shown are for a: conforming, purchase, primary, single family residence, in Texas, with >/=25% down payment, $275,000 loan amount, full income, full asset, full employment documentation, >740 middle credit score, with an escrow account, 30 day lock, without a second lien.

 

Equal Housing Opportunity

Equal Housing Opportunity