Legacy Financial Advisors - Mortgage Refinancing : Calculator: 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)	$

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators provided by Emerald Connect, Inc.

Securities and investment advisory services offered through ING Financial Partners, Inc., member FINRA, SIPC.

Federal and state insurance and securities rules and regulations prohibit registered representative(s) and/or investment adviser representative(s) from soliciting, offering and selling any insurance or securities products or providing investment advice until they are properly registered and licensed in each state jurisdiction.

Legacy Financial Advisors, 401 Macy Drive, Roswell, GA 30076 is not a subsidiary of nor controlled by ING Financial Partners, Inc..