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)

$
 
   
   
John P. Stanley Associates
7 East Frederick Place, Suite 100 • Cedar Knolls, NJ • 07927
Phone: Direct Line : (973) 984-1955
Fax : (973) 540-1155
Stanley_John@nlvmail.com
Http://www.JohnPStanley.com

John P. Stanley is a Registered Representative and Investment Advisor Representative of Equity Services, Inc.  Securities and investment advisory services offered solely by Equity Services, Inc., Member FINRA/SIPC, a Broker/Dealer and Registered Investment Adviser, 7 East Frederick Place, Cedar Knolls, NJ 07927 Tel: 973-538-9100   John P. Stanley Associates and all other entities referenced are independent of Equity Services, Inc. unless otherwise noted.


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