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)

$
 
   
   
Reagan & James Wealth Advisors - Williamsburg, VA and Irvington, VA

WILLIAMSBURG:
263 McLaws Circle, Suite 101B
Williamsburg, VA 23185
Phone: 757-941-5200
Fax: 757-941-4958
Toll Free: 866-461-3724

IRVINGTON:
4504 Irvington Road
Irvington, VA 22480
Phone: 804-438-9006
• chinson@rjwealth.com

Asset Custody provides by Wells Fargo's First Clearing.

Securities offered through Prospera Financial Services, Inc.

Member FINRA/SIPC

The information contained on this website is for general use, and while we believe all information to be reliable and accurate, it is important to remember individual situations may be entirely different. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us or the purchase or sale of any securities.

Privacy Policy