How much to save by consolidation and refinance?

You will be able to find out the interest savings over the life of the mortgage when you consolidate your first and second mortgages and refinance into a single loan. You can also calculate the time period over which the interest savings can offset closing costs.
	First Mortgage	Second Mortgage (Optional)
Balance Loan Amount ($)
Monthly Payment (Principal and Interest only)
Mortgage Rate (% per annum)
Refinancing
Mortgage Refinancing Rate (% per annum)
Years you will be Refinancing for
Closing Costs
Looking to finance the Closing Costs

Should I consolidate my first and second mortgage and refinance into a single mortgage?
New Monthly Payment
Monthly Payment Amount [(Decrease)/Increase]
Periods for Interest Savings to cover Closing Costs (Months)
Total Current Interest you are paying
Total Interest you need to pay after refinance
Total Interest you will save if you refinance
Net Refinancing Savings (Interest savings less closing costs)