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)

$
 
   
   
National Legacy Group
210 Park Avenue • Florham Park, NJ • 07932
Phone: 973-538-9100 • Fax: 973-540-1155
• rich.donna@pennmutual.com

*Registered Representative of, and Securities and Investment Advisory services offered through Hornor, Townsend & Kent, Inc., (HTK), Registered Investment Advisor, Member FINRA/SIPC, 210 Park Avenue, Florham Park, NJ  07932  973.538.9100. National Legacy Group, Prime Financial Services and other listed entities are independent of HTK.  HTK is a wholly owned subsidiary of the Penn Mutual Life Insurance Company, and does not offer tax or legal advice.

We have associates who are licensed/registered to offer life insurance and securities in our resident state of New Jersey, along with various other states.  For additional licensing information please feel free to contact us at (973)538-9100. Not an offer of solicitation in any state not properly license/registered.

A1RB-1110-05

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