Sb1 Federal Credit Union - Mortgage Refinancing : Calculator: 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?	^$

Investment products and advisory services offered through CUSO Financial Services L.P. (CFS), a registered Broker-dealer and SEC Registered Investment Advisor. Investment products are not NCUA/NCUSIF or federally insured, are not obligations of the credit union, are not guaranteed by the credit union or any affiliated entity, and involve investment risk including the possible loss of principal. Investment Representatives are employees of Sb1 Federal Credit Union and registered through CFS (member FINRA/SIPC).