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)

$
 
   
   
Browne, Draper, & Land Financial Concepts
118 W. King St.
• Dalton, GA • 30720
Phone: 706-226-0144 • Fax: 706-226-3744
• jdraper@bdlfc.com jbrowne@bdlfc.com mland@bdlfc.com

Securities and investment advisory services offered through FSC Securities Corporation, Member FINRA/SIPC, and a registered investment advisor. Browne, Draper and Land Financial Concepts is not affiliated with FSC Securities Corporation or registered as a broker-dealer or investment advisor.

Investments products and services available only to residents of : Alabama, Florida, Georgia, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia.