Mortgage Refinancing  
During the past few years, record numbers of Americans have refinanced their home mortgages as a result of historically low interest rates. This calculator is designed to help you determine whether you should consider refinancing your mortgage.
     

1. What is the principal balance remaining on your current mortgage (from your last statement)?

$

2. What is the annual interest rate on your current mortgage?

%

3. How many years remain on your current mortgage?

4. What will the annual interest rate be on your new mortgage?

%

5. What will the term be (in years) of the new mortgage?

6. What will the loan origination fee and closing costs be (in percentage terms) on the new mortgage? (These are typically charged by the lender to process your loan. 1 point = 1 percent)

%

7. How many discount points (in percentage terms) will you be paying to lower (buy down) the interest rate?

%

8. What other fixed costs (in dollar terms) are there? (such as an appraisal)

$
 
   
   
National Fringe Benefits
3807 Wilshire Blvd., Suite 1040
Los Angeles, CA 90010		 • Los Angeles, CA • 90045
Phone: 310.338.8155 • Fax: 310.338.8161
• MackeyT@FinancialNetwork.com

Securities offered through Financial Network Investment Corporation, member FINRA, SIPC.

Financial Network and National Fringe Benefits are not affiliated companies.

 

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in CA.

We are registered to sell Securities in CA.

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