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?

$
 
   
   
Strategic Financial Group
11600 Manchester Road, Suite 100 • St. Louis, MO • 63131
Phone: 314-238-0200 • Fax: 314-238-1129
www.StrategicFinancialSTL.com • dreed@walnutstreet.com

 


 

Securities and Investment Advisory services offered through Walnut Street Securities, Inc. (WSS) a broker/dealer (member FINRA/SIPC) and a Registered Investment Advisor. Strategic Financial Group is a separate entity from WSS.
 
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