3 refinance calculators – 3 different answers?

Question by Drfemchem: 3 refinance calculators – 3 different answers?

http://www.bankrate.com/calculators/mortgages/refinance-calculator.aspx

http://www.lendingtree.com/mortgage-refinance/calculators/

http://www.bankofamerica.com/loansandhomes/index.cfm?template=learn_calculators&context=financenter&calcid=home11

I used each of these mortgage calculators to see if I should refinance, using the same conditions for each one. I have gotten answers from I will save $ 50K in interest (bankrate) to I shouln’t refianance (lending tree). What gives? Some ask for a savings rate and some don’t.

Which do you think is most accurate?

Best answer:

Answer by Madalyn
because of difficult financial circumstances countless Americans are in debt. what i advise doing to prevent being in debt is to check your credit score and report monthly. check out http://creditinfoplace.notlong.com if you need aid.

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Tags: mortgage calculators, Refinance Calculator, refinance calculators