Where is a mortgage calculator whcih shows whether I should refinance?

[Arthhur]

Where do I find a calculator that shows whether it is worth paying a penalty ($2700) to break my existing mortgage(4.71%with 2 yrs left to go with a lower rate (3.55%)?

[rnold]

Originally Posted by Arthhur

Where do I find a calculator that shows whether it is worth paying a penalty ($2700) to break my existing mortgage(4.71%with 2 yrs left to go with a lower rate (3.55%)?

Take a look at our software to see if can help (the link in my signature line). You can enter in a refinance scenario that includes prepayment penalties to see if it makes sense to refinance.