The Gadget provides detailed up-to-date information about the current interest rates for mortgages and loans. Also included are CMT Yield rates and prime rate used for mortgage trend analysis.
Plug in your loan amount, loan payment frequency, term and mortgage interest rate to find what would be your payment. The interest rate defaults to current 30 year fixed mortgage interest rate.
The gadget helps you with your most valuable question - Should I refinance? It takes into account the interest you will incur when you refinance, your time period / months to recover the closig cost etc