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)

$
 
   
   
Investment Professionals, Inc. - Steve Andersland San Antonio, TX
16414 San Pedro Ave., Ste. 150 • San Antonio, TX • 78232
Phone: Main office: 800-593-8800 Direct: 210-483-5056 • Fax: 866-863-0711
• steve.andersland@invpro.com

NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE All securities and Advisory Services offered through Investment Professionals, Inc. (IPI), a Registered Broker/Dealer and Registered Investment Advisor and member FINRA www.finra.org & SIPC www.sipc.org.  The investment services offered by IPI are in no way affiliated with or offered by the bank or credit union where IPI may maintain an office.  Customers work solely through IPI with respect to their investment, brokerage and securities transactions.  IPI does not offer or provide legal or tax advice  Please consult your attorney and/or tax advisor for such services.  The products offered by Investment Professionals, Inc. are not insured by the FDIC, The NCUA or any other agency of the government, are not deposits or other obligations for the bank or guaranteed by the bank and involve investment risks, including possible loss of principal amount invested.

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