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)

$
 
   
   
Albany Financial Group
80 Wolf Road, Suite 301 • Albany, NY • 12205
Phone: (518) 786-3300 • Fax: (518) 786-7009
• llaplante@albanyfinancial.com

The financial consultants of Albany Financial Group are Registered Representatives with, and offer Securities through, LPL Financial LLC, Member FINRA/SIPC.

 

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Securities related services may not be provided to individuals residing in any state not listed below. This information is intended for use only by residents of the following states in which the representative is registered:

We are licensed to sell Insurance Products in the following states:

California, Connecticut, Florida, Massachusetts, New York, Ohio, Pennsylvania, Wisconsin.


We are registered to sell Securities in the following states:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, West Virginia, Virginia, Vermont.