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 be (in percentage terms) on the new mortgage? (Lenders typically charge 1 percent when refinancing a loan.)

%

7. How many points (in percentage terms) will you be paying for the new loan?

%

8. What other closing/fixed costs (in dollar terms) are there?

$
 
   
   
Potomac Financial Group www.pfgroup.org
18310 Montgomery Village Avenue, Suite 420 • Gaithersburg, MD • 20879
Phone: 301-948-3900 • Fax: 301-948-8806
www.pfgroup.org • jim.ruth@investfinancial.com

 

 

 

INVEST Financial Corporation (INVEST), member FINRA/SIPC, a registered Broker Dealer is not affiliated with Potomac Financial Group.  Securities, advisory services, and certain insurance products are offered through INVEST, a federally registered Investment Advisor, and affiliated insurance agencies.
 
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