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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u694568445/domains/americanmortgagecorporation.com/public_html/wp-includes/functions.php on line 6114 Should I Refinance? - American Mortgage Corporation
Compare your current mortgage with refinance options to see potential cost savings.
Use this calculator to help you decide if you should refinance. For more details and a more personalized loan program, call American Mortgage Corporation specialist at 1-800-898-2108.
Original Mortgage
Additional Principal Payment
New Mortgage
New Loan Amount
New Interest Rate
New Loan Term
Start of New Loan
Additional Principal Payment
Refinance and you can save $XXX a month. You can also $XXX over the life of your loan.
A refinance will make your monthly payment increase by $XXX. But, you can save $XXX,XXX over the life of your loan.
Refinancing can help you save $XXX a month, but you'll be spending $XXX,XXX more over the life of your loan. Ask yourself what's most important: short term or long term savings.
It is not the right time for a refinance. Your monthly payments would increase by $XXX, and you'd be looking at a long term loss of $XXX,XXX.
Original Payment*
/mo
New Payment*
/mo
*Includes principal and interest only.
Monthly Savings
/mo
Lifetime Savings
Payoff Schedule
Amortization Graph
You will save $XX,XXX on the interest of the loanYou will owe $XX,XXX in interest and will pay your loan off .
Use this calculator to help you decide if you should refinance. For more details and a more personalized loan program, call American Mortgage Corporation specialist at 1-800-898-2108.
Original Mortgage
Original Loan Amount
Original Interest Rate
Original Loan Term
Start of Original Payment
Additional Principal Payment
New Mortgage
New Loan Amount
New Interest Rate
New Loan Term
Start of New Loan
Additional Principal Payment
Refinance and you can save $XXX a month.
You can also save $XXX over the life of your loan.
A refinance will make your monthly payment increase by $XXX .
But, you can save $XXX,XXX over the life of your loan.
Refinancing can help you save $XXX a month, but you’ll be spending $XXX,XXX more over the life of your loan. Ask yourself what’s most important: short term or long term savings.
It is not the right time for a refinance.
Your monthly payments would increase by $XXX , and you’d be looking at a long term loss of $XXX,XXX .
Original Payment*
/mo
New Payment*
/mo
*Includes principal and interest only.
Monthly Savings
/mo
Lifetime Savings
Payoff Schedule
Amortization Graph
You will save $XX,XXX on the interest of the loanYou will owe $XX,XXX
in interest and will pay your loan off .
Date
Payment
Interest
Principal
Ending Balance
Texas consumers: How to file a complaint
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.