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)

$
 
   
   
Royal Alliance
6208 Hillside Ste. 1300 • Amarillo, TX • 79109
Phone: 806.358.9833 / 866.655.6557 tf • Fax: 806.242.3515
• woodfinancial@royalaa.com

Steve Wood, Josh Wood, and David Zybach are Registered Representatives of and offer securities products through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of Texas, Oklahoma, New Mexico, Kansas, Colorado, Arizona, Alabama, Montana, Wyoming, or Michigan.  No offers may be made or accepted from any resident outside the specific states referenced.

Steve Wood, Investment Advisor Representative, offers advisory services through Royal Alliance Associates, Inc., a Registered Investment Advisor.


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For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.