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)

$
 
   
   
David S. Lopez Financial Advisor - Royal Alliance
30110 Crown Valley Parkway Suite 208 • Laguna Niguel, CA • 92677
Phone: 949-542-3316 • Fax: 949-613-7358
• davidlopez@royalaa.com

David S Lopez is a Registered Representative of and offers securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of California, Oregon, Montana, Washington, Nevada, Arizona, Hawaii, Michigan, Colorado and New York.  No offers may be made or accepted from any resident outside the specific states referenced.  David S. Lopez  is also separately registered as an investment advisor representative under WealthCare Alliance, a registered investment advisor, not affiliated with Royal Alliance Associates Inc., offering advisory services in the state of California and Oregon. As such, these services are strictly intended for individuals residing in Calfirornia and Oregon. Advisory services also offered through Royal Alliance Associates, Inc., a Registered Investment Advisor.