MoneyToys Refinancing Calculator

In today’s age of globalization and booming economy, more and more people are taking loans. However, lending rates are volatile. Sometimes they drop and sometimes they rise. Therefore, refinancing has also emerged as a mortgage management option. However, before you decide to go for refinancing, you need to calculate the monetary benefits or losses that will occur after refinancing. Money Tools Refinancing Calculator is a tool present on some Web sites that help you to perform a ‘what-if-analysis’ on loan refinancing and helps you in making an informed decision.

On the Web site, it appears as a simple tool with lots of text boxes. These text boxes are grouped into three categories, namely, CURRENT LOAN, NEW LOAN, and SAVINGS. On the CURRENT LOAN category of text boxes, you specify the details of loan that you have currently taken with a lending organization. You specify your current balance, term of current loan in months, interest rate, and number of payments made. Money Toys Refinancing Calculator automatically calculates the payments remaining and monthly payment to be made. You can view these values in yellow-highlighted values.

On the NEW LOAN category of text boxes, you specify the details of new loan that you want to take from another or same lending organization. You specify the amount to be borrowed for new loan, term in months, interest rate, closing costs, and months until you plan to sell. After you are finished, Refinancing Calculator automatically fills the Monthly Payment yellow-highlighted text box.

Refinancing Calculator also automatically collects the positive or savings that will happen if you take a new loan. You can view savings in terms of monthly payment savings, total monthly payment savings, equity in old loan, equity in new loan, total equity savings, and total savings.

MoneyToys Refinancing Calculator can help your web site visitors decide whether refinancing their current mortgage is a financially sound idea by comparing their current loan with the possible refi loan. Easily installed with instructions. Simply fill in the white edit boxes with values which reflect the status of your current loan and with values for the refinancing loan you are considering. This is a great tool for playing 'what if'?
The MoneyToys(tm) collection of 15 calculators for web sites make it easy for real estate webmasters to install financial calculators on their web sites! With a few lines of HTML and MoneyToys(tm) website calculators you can quickly add online interactivity to your web site! Put MoneyToys calculators on your web site and your visitors can perform financial calculations without leaving your site!
MoneyToys add immediate and longterm value. You get a time tested, customer proven set of financial calculators for your web site. You receive a cost-effective, perpetual license for financial calculators that add user-friendly functionality to your website giving visitors a reason to return.
MoneyToys(tm) online financial calculators are designed to give real estate webmasters a simple way to add instant interactivity to a web site by providing financial calculator applets which are easily added to a web site.
Installation is easy! Copy the online calculator to the appropriate directory on your web server and add the HTML code to your web page. That's all it takes! You can set your own initial values for the calculators and you can make the colors match YOUR site! Includes step-by-step installation instructions and three sample web pages with cut-and-paste code for your web pages.