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)

$
 
   
   
Cambridge Financial Services
2450 South Gilbert Road Suite 100 • Chandler, AZ • 85286
Phone: 1-866-99Cambridge
or 480-219-8522		 • Fax: (480) 219-8411

 

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*Registered Representatives of, and Securities and Investment Advisory services offered through Hornor, Townsend & Kent,Inc., (HTK), Registered Investment Advisor, Member FINRA/SIPC  6440 S. Wasatch Blvd. Suite 150, Salt Lake City, UT 84121, 801-424-0020

Cambridge Financial Services and other listed entities are independent and unaffiliated with HTK.  HTK does not offer tax or legal advice.

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