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)

$
 
   
   
Independence Financial Group
600 Luckie Drive, Suite 200 • Birmingham, AL • 35223
Phone: (205) 268.8384 • Fax: (205) 268.3949
• JeffLooney@IndFG.com

Investment Advisory services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Adviser. Securities offered through ProEquities, Inc. a registered broker-dealer and member of FINRA & SIPC. Independence Financial Group is independent of ProEquities, Inc.

Please be advised that representatives of Independence Financial Group hold 6, 63, 65 licenses in AL, AZ, GA, & MS. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by the representatives before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal.

 

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