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?

$
 
   
   
Telhio Credit Union
Phone: (614) 221-3233 Option 6, Option 2 • Fax: (614) 222-6949
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Products and services offered through CUSO Financial Services, L.P. (CFS), an independent broker/dealer, are not NCUA/NCUSIF Insured, not credit union guaranteed, and may lose value. Financial Representatives are employees of Telhio Credit Union and registered through CFS (member FINRA/SIPC), and SEC Registered Investment Advisor.  For specific tax advice, consult a qualified tax professional.