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 be (in percentage terms) on the new mortgage? (Lenders typically charge 1 percent when refinancing a loan.)

%

7. How many points (in percentage terms) will you be paying for the new loan?

%

8. What other closing/fixed costs (in dollar terms) are there?

$
 
   
   
Lily Ho of Foresters Equity Services Inc.
19720 E. Walnut drive South , suite 205 • Walnut, CA • 91789
Phone: 626-202-0102 • Fax: 626-441-5191
www.lilyho.com • lily@lilyho.com

 


 Registered Representative and Investment Advisor Representative offering Securities and Investment Advisory Services through Foresters Equity Services, Inc., a Registered Broker-Dealer, Member FINRA, SIPC and a Registered Investment Advisor.  Corporate office-6640 Lusk Blvd., Suite A202, San Diego, CA 92121; Tel.  858-550-4844  858-550-4844


 Foresters Equity Services Inc. and its affiliates do not provide legal or tax advice. Please seek assistance with an attorney and/or tax advisor regarding your individual circumstances.