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Refinance Savings Calculator

Determine how much interest you can save when you refinance your mortgage with Union Bank. Simply enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate, and closing costs.1

1. Information Entry 2. Summary Results 3. Detailed Report
* Annual Property Taxes:  
* Annual Home Insurance:  
* Appraised Home Value:  
   * Indicates a required field
   Original Mortgage    New Mortgage
* Original Mortgage:  
* Rate:  
* Rate:  
* Term:  
* Term:  
* Closing Cost:  
* Number of Payments Made:  
* Monthly PMI:  
   * Indicates a required field

Description of Terms

Appraised Home Value

Current market value of your home.

Original Loan Amount

Total amount for your original mortgage.

Original Rate

Annual percentage rate of your original mortgage.

Original Term in Years

The total number of years for your original mortgage.

Number of Payments Made

The total number of payments you have made on your original mortgage.

Annual Property Taxes

Your annual property taxes.

Annual Home Insurance

Your annual homeowner's insurance premium.

Monthly PMI

The amount you pay each month for PMI. This is usually 0.5 percent of your loan amount, if you have less than 20 percent equity in your home.

Current PITI

Current monthly Principal, Interest, Taxes, and Insurance payment.

New Rate

Annual percentage rate of your new mortgage.

New Term

The total number of years for your new mortgage.

New Mortgage Balance

Total amount for your new refinanced mortgage. This amount is equal to your current balance on your original mortgage. Closing costs and prepayment penalties are assumed to be payable at the time of closing. Closing costs are not added to your new mortgage balance.

Closing Costs

Total fees and other costs associated with the new mortgage and paid at the time of closing. This calculator assumes that all closing costs are paid with proceeds other than the new mortgage (closing costs are not added to the total for your new mortgage amount).


New monthly Principal, Interest, Taxes, and Insurance payment.

New Loan to Value

Total loan amount divided by the appraised value of your home.

These rates were obtained using information you provided and assume you have good credit and set up a tax & insurance escrow account. This is not a credit decision or a commitment to lend; credit is subject to approval. Monthly payment and interest rate are for illustrative purposes only and may vary based on borrower's credit score, actual closing costs and other variables. Additional programs may be available. Depending on your situation, mortgage insurance may be needed which could increase the monthly payment and APR.

(1) Loans subject to credit and collateral approval. Financing available for collateral located in CA, OR, or WA. Restrictions may apply. Terms and conditions subject to change.