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)

$
 
   
   
LifeStyle Financial Network, LLC
2700 Highway 280 East
Suite 130		 • Birmingham, AL • 35223
Phone: (205) 871-2265
Toll Free: (888) 277-2272		 • Fax: (205) 871-2237
• reed@lsfnonline.com thawkins@lsfnonline.com

Securities offered through Securities America, Inc., Member FINRA/SIPC, C. Reed Terry, Registered Representative. Advisory services offered through Securities America Advisors, Inc., C. Reed Terry, Investment Advisor Representative. LifeStyle Financial Network, LLC and the Securities America companies are not affiliated.  Licensed to offer securities products in AL, GA, FL, PR, TX, OH and TX.  Licensed to offer insurance products in AL and FL. Licensed to offer advisory services in AL and TX.