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 Advisors
1042 Camellia Blvd., Suite 11 • Lafayette, LA • 70508
Phone: 337-761-7000 • Fax: 337-984-2308
• nolan@wealthadvisorsoffice.com

 

Nolan Venable, Jennifer Venable, and Matthew Hebert are Registered Representatives of and offer securities products & services through Royal Alliance Associates, Inc. Member FINRA (www.finra.org) SIPC, a registered broker-dealer.  Advisory services are offered through Royal Alliance Associates, Inc. a Registered Investment Advisor.   In this regard, this communication is strictly intended for individuals residing in the states of Louisiana, Florida, Texas, California, Maryland, Missouri and Oregon in which they are securities licensed. No offers may be made or accepted from any resident outside the specific states referenced.  Tax preparation and representation is offered through Tax Advisors, LLC and is not affiliated with Royal Alliance Associates, Inc.

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