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)

$
 
   
   
California Financial Works
Suzonne P. Slaughter
CA Insurance License #0B42686

1801 S Excise Avenue
Suite 116
• Ontario, CA • 91761
Phone: 866.400.4285 • Fax: 909.390.8802
• suzonne.slaughter@rgaassoc.com

Registered Representative of and securities offered through OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 1801 South Excise Avenue, Suite 116, Ontario, CA  91761, 909-390-0809, Insurance Representative of American United Life Insurance Company (AUL) and other insurance companies.  California Financial Works is not an affiliate of OneAmerica Securities or AUL and is not a broker dealer or Registered Investment Advisor.  

Suzonne Slaughter is licensed and authorized to conduct life insurance business and securities related business in Arizona, California, Idaho, Nevada, Oregon, Texas, Utah and Washington.  This website is in no way to be construed as an offer for the sale of insurance or securities products in unauthorized states or countries.

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