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)

$
 
   
   
Jay Maffe www.maffefinancialgroup.com

Hartford, CT:
333 East River Drive, Suite 401		 • East Hartford, CT • 06108
Phone: (860) 290-8788
Fax: (860) 290-8822

Fairfield, CT:
187 Danbury Road, Suite 1E
Wilton, CT 06897
Phone: (203) 803-1866
Fax: (203) 803-1867

Manchester, CT:
160 Chapel Road, Suite 301
Manchester, CT 06040
Phone: (860) 647-7919
Fax: (860) 647-7818

Providence, RI:
875 Centerville Road, Building One
Warwick, RI 02886
Phone: (401) 828-2090
Fax: (401) 828-1548

Newton, MA:
Two Newton Executive Park, Suite 200
Newton, MA 02462
Phone: (617) 965-7777
Fax: (617) 965-7017

Boston, MA:
35 Braintree Hill Office Park, Suite 102
Braintree, MA 02184
Phone: (781) 848-0015
Fax: (781) 848-0024

Altoona, PA:
1798 Plank Road, Suite 301
Duncansville, PA 16635
Phone: (814) 696-1100
Fax: (814) 696-1178