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)

$
 
   
   
Carlson Financial Strategies "Trustworthy and Experienced"
Cliff Cove Town Offices
2418 117th Street East
Burnsville, MN 55337
 • Burnsville, MN • 55337
Phone: 952-646-9225 • Fax: 952-646-9227
• jim@jimcarlson.com

Securities offered through The O.N. Equity Sales Company, Member FINRA/SIPC, One Financial Way, Cincinnati  OH 45242 (513) 794-6794.   Investment advisory services offered through O.N. Investment Management Company.

Jim Carlson is licensed to sell insurance and annuity products in Minnesota and Wisconsin.

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