Get an idea of what your monthly mortgage payment may be, including costs associated with your mortgage such as property taxes, homeowners insurance, and Private Mortgage Insurance (PMI), if applicable.
Calculate how much house you can afford. Get an estimate for a mortgage amount that may fit comfortably within your budget.
Recalculate your new house payment based on loan amounts, interest rates, and other factors, to see if refinancing your mortgage is a smart financial move.
Tally up all your debts to calculate the ratio of your total debt to your total income.
See how much of your monthly payment may end up going toward the principal, and how much may end up as an interest payment over the life of the loan.