Realtor Refinance Calculator This Apify actor calculates mortgage refinance scenarios across multiple locations, helping you compare refinance options and potential savings. ## Features - ✅ Calculate refinance scenarios for multiple locations - ✅ Compare original vs refinanced loan payments - ✅ Calculate total interest savings - ✅ Break-even analysis - ✅ Cash-out refinance support - ✅ Option to include closing costs in loan - ✅ Async processing for better performance - ✅ Immediate data push (results available as they're fetched) ## Input Parameters The actor accepts the following input: json { "locations": ["New York, NY", "California", "Texas"], "original_loan_amount": 300000, "original_term": 360, "original_rate": 4.5, "origination_month": 1, "origination_year": 2020, "current_balance": 280000, "cash_out": 0, "refinance_term": 360, "refinance_rate": 3.5, "refinance_points": 1.0, "refinance_cost": 5000, "cost_included": false } ### Parameters | Parameter | Type | Required | Description | |-----------|------|----------|-------------| | locations | array | Yes | List of locations for calculation (state/city affects taxes) | | original_loan_amount | integer | Yes | Original loan amount in dollars | | original_term | integer | Yes | Original loan term in months (360 = 30 years) | | original_rate | number | Yes | Original interest rate as percentage (e.g., 4.5) | | origination_month | integer | Yes | Month loan started (1-12) | | origination_year | integer | Yes | Year loan started | | current_balance | integer | Yes | Current remaining loan balance | | cash_out | integer | Yes | Cash-out amount (0 if rate-and-term only) | | refinance_term | integer | Yes | New loan term in months | | refinance_rate | number | Yes | New interest rate as percentage | | refinance_points | number | Yes | Points paid (1.0 = 1% of loan) | | refinance_cost | integer | Yes | Total closing costs in dollars | | cost_included | boolean | No | Include closing costs in loan amount (default: false) | ## Output The actor outputs refinance analysis data in the following format: json { "location": "New York, NY", "original_loan": { "amount": 300000, "monthly_payment": 1520.06, "total_interest": 247221.60, "term_months": 360, "rate": 4.5 }, "refinanced_loan": { "amount": 280000, "monthly_payment": 1256.28, "total_interest": 172261.44, "term_months": 360, "rate": 3.5 }, "savings": { "monthly_payment_reduction": 263.78, "total_interest_saved": 74960.16, "break_even_months": 19, "lifetime_savings": 69960.16 }, "closing_costs": { "points": 2800.00, "other_costs": 5000.00, "total": 7800.00 }, "cash_out": 0, "new_loan_amount": 280000 } Results are pushed to the dataset immediately as each location is processed. ## Usage Example ### Via Apify Console 1. Go to your actor's input tab 2. Enter your refinance scenario: json { "locations": ["California", "New York, NY"], "original_loan_amount": 400000, "original_term": 360, "original_rate": 5.0, "origination_month": 6, "origination_year": 2019, "current_balance": 375000, "cash_out": 25000, "refinance_term": 360, "refinance_rate": 3.75, "refinance_points": 0.5, "refinance_cost": 6000, "cost_included": true } ## Use Cases ### Compare Refinance Across States Calculate the same refinance scenario for multiple states to understand how local taxes and regulations affect your savings: json { "locations": ["California", "Texas", "Florida", "New York"], "original_loan_amount": 500000, "current_balance": 480000, "refinance_rate": 3.5 } ### Cash-Out Refinance Analysis Evaluate taking cash out while refinancing: json { "locations": ["Denver, CO"], "original_loan_amount": 300000, "current_balance": 250000, "cash_out": 50000, "refinance_rate": 4.0, "cost_included": true } ### Rate-and-Term Refinance Simple rate reduction without cash-out: json { "locations": ["Seattle, WA"], "original_loan_amount": 450000, "current_balance": 425000, "cash_out": 0, "original_rate": 5.5, "refinance_rate": 3.75 } ### Short-Term vs Long-Term Comparison Compare 15-year vs 30-year refinance options: json { "locations": ["Austin, TX"], "original_term": 360, "refinance_term": 180, "refinance_rate": 3.0 } ## Key Metrics Explained - Monthly Payment Reduction: How much less you'll pay each month - Total Interest Saved: Lifetime interest savings over the loan term - Break-Even Months: How long until closing costs are recovered through savings - Lifetime Savings: Total savings after subtracting all costs ## Error Handling - Missing required parameters are caught and reported - API errors are logged with detailed messages - Failed calculations for specific locations don't stop other locations from processing - All parameters are validated before API calls ## Tips - Points: Each point costs 1% of loan amount but lowers interest rate - Cost Included: Setting to true adds closing costs to loan amount - Multiple Locations: Useful for comparing state tax implications - Term Length: Shorter terms = higher payments but less total interest