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)

$
 
   
   
Russ Watson, russwatson.com
201 Ditto St. Ste A
P.O. Box 180		 • Archbold, OH • 43502
Phone: 800-686-2598 /
Local calls 419-446-2598		 • Fax: 419-446-9390
• russell.watson@pesmail.com; kirk.weldy@pesmail.com

"CHALLENGES CAN MAKE US TOUGHER OR BETTER . . .

OR THEY CAN TAKE US DOWN"  - Unknown

 

 

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Advisory Services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Advisor. Securities offered through ProEquities, Inc., a Registered Broker/Dealer and member FINRA/SIPC, 2801 Highway 280 S. Birmingham AL 35223 (800) 288-3035.Russ Watson Insurance Agency and Financial Planning is independent of ProEquities, Inc.