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)

$
 
   
   
Rocky Mountain High Financial Services
Main Office

1161 Day Road 		• Sykesville, MD • 21784-5606

Satellite Office**
P.O. Box 161

Wapiti, Wyoming 82450


**By Appointment Only
Phone: 410-442-2315 • Fax: 410-489-9199
• RMHFS@rmhfs.net

Securities and Investment Advisory Services are offered through H. Beck, Inc., 11140 Rockville Pike, 4th Floor, Rockville, MD 20852 (301) 468-0100, Member FINRA, SIPC. H. Beck, Inc. and Rocky Mountain High Financial Services are unaffiliated entities.