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?

$
 
   
   
Elliott & Associates Wealth Advisors, Inc.
1225 Johnson Ferry Rd, Suite 600 • Marietta, GA • 30068
Phone: 770.451.2446 • Fax: 866.713.6425
www.elliottandassoc.net • curt.coulombe@investfinancial.com

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Registered Representative of INVEST Financial Corporation (INVEST), member FINRA, SIPC, a registered broker dealer and registered investment adviser, is not affiliated with Elliott & Associates Wealth Advisors, Inc.  Securities, advisory services and insurance products are offered through INVEST and its affiliated insurance agencies. INVEST does not offer tax or legal advice.

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