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)

$
 
   
   
Life Planning Group
The OMNI Building - 333 Earle Ovington Blvd - Suite 402 • Uniondale, NY • 11553
Phone: (516) 228-1000 ext 2537 • Fax: (516) 394-2590
• jwknox@htk.com

*Registered Representative of, and Securities and Investment Advisory Services offered through Hornor, Townsend & Kent, Inc.,  (HTK), Registered Investment Adviser, Member FINRA/SIPC

333 Earle Ovington Blvd - Suite 402, Uniondale, NY 11553 (516) 228-1000

Life Planning Group is independent of Hornor, Townsend & Kent, Inc.  HTK is a wholly owned subsidiary of Penn Mutual.

Our representatives are insurance and securities licensed in our resident state of New York, as well as the following states:  New Jersey, Connecticut and Florida.  For additional licensing information please contact Life Planning Group at (516) 228-1000.  Not an offer or solicitation in any state where representatives are not licensed.

HTK does not offer tax, accounting, or legal advice.  Always consult a qualified advisor regarding your individual circumstances.

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