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)

$
 
   
   
Ries Financial Group - financial advisor, financial planner, Bel Air, Harford County, Maryland, investments, retirement, estate, assets, portfolio
115A North Main Street • Bel Air, MD • 21014
Phone: (410) 809-6704
Toll-Free: (866) 578-1783
 • Fax: (410) 836-0869
• jennifer.snyder@stifel.com

 

 
 
Important Information:
  
1)This web site has been prepared solely for informational purposes. It is not an offer to buy or sell any security; nor it is a solicitation of an offer to buy or sell any security.

(2)Representatives of a broker-dealer or investment advisor may only conduct business in a state if the representatives and the broker-dealer or investment advisor they represent: (a) satisfy the qualification requirements of, and are approved to do business by, the state: (b) are excluded or exempted from the state's licenser requirements.

(3)Products and investment advisory services are offered through Stifel, Nicolaus & Company, Incorporated, Member SIPC & NYSE.
 
Investing involves risk, including the possible loss of principal invested.
 
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