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)

$
 
   
   
Schreck Financial Group LLC, Wichita KS, Specializing in Insurance Protection, Wealth Accumulation, Retirement Planning, Estate Planning for individuals and businesses in Kansas
5940 E Central • Wichita, KS • 67208
Phone: 316-685-9296 • Fax: 316-652-7076
• Schreck.Bruce@pmlmail.com

Registered representatives of, and securities and investment advisory services offered through Hornor, Townsend & Kent, Inc., (HTK), Registered Investment Adviser, Member FINRA/SIPC, 5940 East Central, Wichita, KS 67208, (316) 685-9296. Schreck Financial Group LLC is independent of Hornor, Townsend & Kent, Inc.

We have representatives in this office licensed and registered to offer products and services in the state of Kansas (KS).  Licenses and registrations will vary by representative and some representatives may be licensed and registered in additional states. Please contact this office for further information.  This is not an offer or solicitation in any state where noy properly licensed or registered.

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