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?

$
 
   
   
Asset Management Systems, Inc.
8801 N. Main Street, Suite 101 • Dayton, OH • 45415-1380
Phone: (937) 898-8433 • Fax: (937) 454-0110
www.assetmgtsys.com • Jay.McClellan@jwcemail.com

Asset Management Systems, Inc. (AMS) is independent of J.W. Cole Financial Inc.          Jay McClellan has clients in more than a dozen states, however he is currently licensed to offer new securities products in OH, AZ and TN. Other states are available, but require a client relationship to be established and licensing approval for that state prior to conducting any new securities business in that state. Securities offered through J.W. Cole Financial, Inc. Member FINRA/SIPC Advisory services offered through Jonathan Roberts Advisory Group, Inc.

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