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)

$
 
   
   
Advocate Financial Group, LLC
3461-C Lawrenceville Suwanee Road • Suwanee, GA • 30024
Phone: 678-546-7890 • Fax: 678-546-7372

Charles Frazier is licensed to sell securities in the State of Georgia. This website should not be considered a solicitation in any other state. Transamerica Financial Advisors, Inc. (TFA) and its representatives do not give tax, or accounting advice. Clients and other interested parties are urged to consult with and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here.

Charles Frazier is an Investment Advisor Representative with Securities and Investment Advisory Services offered through Transamerica Financial Advisors, Inc. (TFA) Member FINRA, SIPC and a Registered Investment Advisor.  Non-security products and services are not offered through TFA.  Advocate Financial Group is not affiliated with TFA. 

 

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