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)

$
 
   
   
Fishman Financial Services
16605 Bethayres Road • Rockville , MD • 20855
Phone: 301 330-9455 • Fax: 301 330-2641
• lois@fishmanfinancial.com
The ideas and recommendations you may find here are generic in nature and are in no way representative of any personal recommendations for your situation. Consult with your financial advisor before making any changes in your finances.

We are Series 7 licensed to work with you in the following states: Maryland, District of Columbia, Virginia, Florida, New York, Pennsylvania, Ohio, North and South Carolina and Ohio.

Securities offered through H.Beck, Inc. Member FINRA/SIPC
11140 Rockville Pike, 4th Floor, Rockville, Maryland 20852

301 468-0100

Lois Fishman, CFP,CSA is a Registered Representative with H. Beck, Inc. which is not affiliated with Fishman Financial Services

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