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)

$
 
   
   
Luhmann Financial Services Inc.
Mailing Address Only:

1096 Calimesa Blvd # D220		 • Calimesa, CA • 92320
Phone: 951-686-8622 • Fax: 951-686-3352
• dluhmann@ifgrr.com

 

 

 

 

 

Registered Representative offering securities and advisory services through Independent Financial Group, LLC (IFG),a Registered Broker-Dealer and Investment Advisor. Member FINRA/SIPC. Luhmann Financial Services and IFG are not affiliated entities.OSJ Branch: 12636 High Bluff Drive Suite 100 San Diego, CA 92130 California Insurance License OA55984.Licensed for securities business in: CA, AZ, Advisory licensed in: CA. AZ Insurance licensed in: CA. AZ        

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