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)

$
 
   
   
Hendrixson and Associates, Inc.
Green Tree Office Plaza
Suite 203A, 40 Lloyd Ave.
Malvern, PA 19355		 • Malvern , PA • 19355-1300
Phone: 610-647-3866or 888-323-5155 • Fax: 610-647-3877
• Michael.Hendrixson@LFG.com Richard.Pinola@LFG.com

Mike Hendrixson* is securities licensed in CA, DE, FL, GA, ME. MA, MD, MO, NC, NJ, NV, OH, OR, PA, TX, UT, and VA.. He is Life Insurance licensed in CA (CA Insurance License #OA08677), CT, DE, FL, GA, KS,MA, MI, MD,MS, NC, NJ, NV, NY, OR, PA, SC, TN, TX, and VA.

Ric Pinola* is securities licensed in CA, CT, DE, DC, FL,  GA, MD, NJ, NY, PA ,  and VA.. He is Life Insurance licensed in CT, DE, NJ, PA, TN

 

*Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Firm disclosure information available at www.LFG.com.     Lincoln Financial Network is a marketing name for Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corporation, both members of FINRA and SIPC.  Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.  CRN:  200910-2035565.