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?

$
 
   
   
Congressional Financial Network


10461 White Granite Drive

Oakton, VA 22124


*Appointments available
at any Congressional FCU branch.



**Other locations
available upon request.



Phone: 703.489.1877


Roderick.Day@securitiesamericacom
www.cfcufn.org

Securities offered through Securities America, Inc., a Registered Broker/Dealer, Member FINRA/SIPC, Roderick Day, Registered Representative(s). Congressional Federal Credit Union and Congressional Financial Network are not affiliated with Securities America, Inc.

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