Set up the refinance loan

Enter the year and month of the refinance

Choose the basis on which you'd like to refinance.  You have three choices.  You can elect to refinance all outstanding loan balances as of the date you specify, or you can elect to refinance based on a percentage of value (LTV), or you can elect not to refinance the existing loans.  Use the drop down to select which method you're like to use.  If you choose to refinance at a percentage of value, you must enter a percentage in the next cell.  This will multiply the then-current value by the percentage you enter.

Enter the total number of months for the refinance loan.

Enter the number of months (if any) that the refinance loan will be interest only.  If none, enter 0.

Enter the fixed interest rate for the refinance loan.  The Instant Analyst will not handle variable rate loans like the main model.

Enter the total number of loan points for the refinance loan.

Enter the total number of months to amortize the refinance loan points.  Typically this is for the life of the loan.  The model will recover unamortized loan points at the time of resale.