I'm not sure if this is what you're looking for, but a MDJ reader created a spreadsheet that compares fixed vs variable rate.
My guest writers are usually paid with pride in bettering the pf community. If you are interested in guest posting, let me know and we'll discuss the details.I've got an excel file now, but its extremely messy. Maybe if I have time, I'll clean it up and FT can ask me to write a guest post about it (you do pay well right? )
\My guest writers are usually paid with pride in bettering the pf community.
It does exist on my computer. I would be happy to run any scenarios for you. If you are interested email me at [email protected] I would share the calculator with you, but I am planning on enhancing it and marketing it to financial planners, mortgage brokers, etc.Hi all. I'm looking at refinancing my mortgage now that rates are a bit lower but I'm at a loss at how to really know for sure if its the right move for me. I've looked at mortgage calculators and have tried to compare my current amortization schedule to what a new mortgage would be like. Comparing how much more my principal goes down and how much less I pay in interest. Is this really the best I can do? I guess what I'm really asking is if there is a little tool somewhere out there that lets you enter in your current mortgage details, your new mortgage details, what the penalty is to refinance and click a button and it tells you yay or nay. That kind of thing.
Does that exist?