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)?

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2. What is the annual interest rate on your current mortgage?

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3. How many years remain on your current mortgage?

4. What will the annual interest rate be on your new mortgage?

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5. What will the term be (in years) of the new mortgage?

6. What will the loan origination fee be (in percentage terms) on the new mortgage? (Lenders typically charge 1 percent when refinancing a loan.)

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7. How many points (in percentage terms) will you be paying for the new loan?

%

8. What other closing/fixed costs (in dollar terms) are there?

$
 
   
   
Jim Stephan, www.jimstephan.com
James E. Stephan
Financial Advisor, Securities America Advisors, Inc.
Registered Representative, Securities America, Inc. Member FINRA/SIPC
Business Park West, 3334 19th Street NW, Suite #201
Rochester, MN 55901
Phone: 507-287-6160
Toll-free 1-888-287-6160		 • Fax: 1-888-800-9815
www.jimstephan.com • jim@jimstephan.com

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Jim@JimStephan.com

James Stephan is a Financial Advisor of Securities America Advisors, Inc., offering advisory services through Securities America Advisors, Inc. James Stephan is also a Registered Representative of Securities America, Inc. Member FINRA/SIPC, offering securities through Securities America, Inc.  Securities America and its representatives do not offer estate planning, tax or legal advice: these services are offered in conjunction with a qualified professional. Information provided herein is a summary of our understanding of the current estate law, is not exhaustive, is subject to change and should not be used or relied on for investment or legal advice. Please note that EverBank and Securities America, Inc. are not affiliated entities and that non-banking investments offered by Jim Stephan thorugh Securities America, Inc. are not FDIC insured, not guaranteed by a bank, and can lose value. EverBank Money Market saving and checking bank programs are FDIC insured as offered to you by Jim Stephan of Securities America.