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Show HN: Mortgage Refinance Calculator
- jafridi 11y agoHey guys, I just built this refinance calculator after reviewing what's currently available. On thing I felt is missing from current refi calculators is an automated calculation of your remaining loan balance based on your original terms and the month/year you took out the loan (assuming you've stuck to scheduled payments). It's also mobile friendly. Really interested in hearing feedback and what can be improved. Thanks!
- sjs382 11y agoI have a situation that this doesn't account for. With my mortgage, I pay into an escrow that covers my estimated property taxes & homeowners insurance. Some years, those estimates are wrong, so my monthly payments change. It might make more sense, in my case at least, to input a "current balance" field, rather than interpreting it based on the originating date of the loan.
- jafridi 11y agoInteresting, yeah I think it makes sense to make the current balance field an input for situations like yours. Thanks for sharing!