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)

$
 
   
   
Ayres Financial Group
14785 Preston Road Ste. 175 • Dallas, TX • 75254
Phone: 972-980-9600 • Fax: 972-980-8515
• Pierce.sharon@pmlmail.com

*Registered Reprsentative of, and Securities and Investment Advisory Services offered through Hornor, Townsend and Kent, Inc. (HTK), Registered Investment Advisor, Member FINRA/SIPC 16479 Dallas Parkway, Suite 850, Addison, TX 75001.  469-737-4000.  Ayres Financial Group and other listed entities are independent of HTK unless otherwise noted.  HTK is a wholly owned subsidiary of the Penn Mutual Life Insurance Company.  HTK does not offer tax or legal advice.
 

Our associates are insurance and securities licensed in our resident state of Texas (TX), in addition to other states.  For additional licensing information, please contact us at 972-980-9600.  This is not an offer or solicitation in any state where not properly licensed and/or registered.

A1RB-0909-02

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