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)

$
 
   
   
Tax Management Services, Inc.
828 Cherry Street Green Bay, WI 54301
Phone: 920.432.1985 Fax: 920.432.0120
info@TMSmoney.com

Tax Management Services, Inc.   •   TMSmoney.com

828 Cherry Street, Green Bay, WI 54301  •  920.432.1985

566 Red Bird Circle, De Pere, WI 54115  •  920.632.4375

Financial Planning • Tax Planning • Small Business Accounting • Home Mortgages • Individual & Group Life, Health, Disability, Medicare
Proud Partners of GBEA, UNE, Bayland Educators

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 This site is for informational purposes only and is not intended to be a solicitation or offering of any security and:

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