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)

$
 
   
   
Jacobs Financial Management, Llc
1016 Dulaney Valley Road • Towson, MD • 21204
Phone: 410.825.3322 • Fax: 410.825.3325
• jjacobs@jfmllc.com

Jacobs Financial Management, LLC is a Registered Investment Advisor in the state of Maryland. Securities Offered through 1st Global Capital Corp., Member FINRA, SIPC. Securities Licensed in the states of Maryland, Alabama, California, Washington, DC, Florida, Georgia, Massachusetts, New Jersey,  Ohio, Pennsylvania and Virginia.  This is not an offer to sell securities in any other state or jurisdiction.

Jacobs Financial Management, LLC is not affiliated with 1st Global Capital Corp.

Privacy Policy