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)

$
 
   
   
Pompei Financial, financial planning, stocks, mutual funds, retirement
150 White Plains Road, Suite 205 • Tarrytown, NY • 10591
Phone: (914) 366-9800 • Fax: (914) 366-9800
• rpompei@crownmail.net

This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined.



Information relating to securities is intended for use by individuals residing in NY, NJ, CT, VT and FL. Investment advisory services may only be offered through this web site to residents of New York State.