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)

$
 
   
   
Owens Financial Group, Inc.
251 Technology Parkway NW • Rome, GA • 30165
Phone: 706-235-2269 • Fax: 706-291-9960
• danowens@owensfinancialgroup.org

Securities and advisory services offered through Multi-Financial Securities Corporation, member FINRA, SIPC.

                Owens Financial Group, Inc. is not affiliated with Multi-Financial Securities Corporation

Owens Financial Group, Inc.
251 Technology Parkway NW
 Rome, GA 30165

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in AL,CA,FL,GA,MT,OH,SC,TN.

We are registered to sell Securities in AL,AZ,CA,DC,FL,GA,IA,IL,KY,MD,MI,MT,NC,NH,NY,OH,PA,SC,TN,TX,VA.

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