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 be (in percentage terms) on the new mortgage? (Lenders typically charge 1 percent when refinancing a loan.)

%

7. How many points (in percentage terms) will you be paying for the new loan?

%

8. What other closing/fixed costs (in dollar terms) are there?

$
 
   
   
Paine Financial & Insurance Services, Inc.
San Jose, CA • 95125
Phone: (408) 995-6851 • Fax: (408) 995-6855
www.painefinancial.com • info@painefinancial.com

Scott Paine is licensed in AZ, CA, CO, DE, MO, NV, NY, OH, OR, TX and VA  to offer life insurance (including variable life), annuities (including variable annuities),  health and securities registered in CA and OR . This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Scott Paine may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Scott Paine that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution he represents, contact your state securities law administrator.  

Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company; Des Moines, IA 50392.  Securities offered through Princor Financial Services Corporation, member SIPC, 800-247-1737. Principal National, Principal Life and Princor® are members of the Principal Financial Group, Des Moines, IA 50392. Scott Paine is a Princor Registered Representative, Financial Advisor and Financial Representative of Principal National and Principal Life.

Principal Life maintains certificates of authority to transact insurance in all 50 states. Principal Life NAIC identification number is 61271. Principal National NAIC identification number is 71161.

 

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