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)

$
 
   
   
Blue Point Financial
243 US Route One • Scarborough, ME • 04074
Phone: 207-883-2009 • Fax: 207-883-5034
• ohalloran_timothy@nlvmail.com gilbert_heather@nlvmail.com

 

Timothy O'Halloran is a Registered Representative and Investment Adviser Representative of Equity Services, Inc. and offers securities in ME, FL, MA, NH, NJ, SD, & WA.  He is also insurance-licensed in ME, FL, NH, MA, & VA.

 *Securities and investment advisory services are offered solely by Equity Services, Inc., Member FINRA/SIPC, 354 Mountain View Drive, Suite 200 Colchester, VT 05446 Tel: 802-864-6819 Blue Point Financial and all other entities referenced are independent of Equity Services, Inc. unless otherwise noted.


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