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)

$
 
   
   
Morrow Financial
4211 North Buffalo St.
Barrington Professional Centre Suite 3		 • Orchard Park, NY • 14127
Phone: (716) 655-2177 • Fax: (716) 712-3282
• Char@MorrowFinancial.com

Morrow Financial Services is located at 4211 North Buffalo St. Barrington Professional Centre Suite 3 Orchard Park, NY 14127. (716) 655-2177. The information on this website is intended for use only by residents of the following states: CA, GA, NV, NY, PA, OH, FL, NC, SC, AL. Securities and/or Insurance related services will not be provided to individuals residing in any state not listed.
Securities offered through American Portfolios Financial Services Inc. Member FINRA/SIPC. Advisory services through American Portfolios Advisors, Inc.
Morrow Financial Services and American Portfolios are unaffiliated entities.

The links provided on this website are for third party sites not affiliated with American Portfolios. While this information is taken from sources deemed reliable, American Portfolios is not responsible for the content and does not guarantee the accuracy of any information or material contained therein.

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