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)

$
 
   
   
Wealth Design Group
3445 American River Drive, Suite C • Sacramento, CA • 95864
Phone: 916-480-0669 • Fax: 916-480-0670
• Gary@wealthdesigngroup.com

STRATEGIES • INSURANCE • INVESTMENT ADVISORY • BENEFITS

 

Investment advisory services offered through Wealth Design Group, a registered investment advisor registered with the State of California.

Insurance provided through WDG Insurance Services • CA Lic # 0C17920