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?

$
 
   
   
Royal Alliance
17263 Wild Horse Creek Rd., Suite 202 • Chesterfield, MO • 63005
Phone: 636.230.3900 • Fax: 636.449.8078
www.dawatsonco.com • david@dawatsonco.com

 

 

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David A. Watson is a Registered Representative of and offers securities products & services through Royal Alliance Associates, Inc., Member FINRA/SIPC , a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of CA, DE, FL, IA, IL, IN, MO, NC, NY.  No offers may be made or accepted from any resident outside the specific states referenced.

  

David A. Watson is separately registered as an Investment Advisor Representative under Pines Wealth Management, LLC, a Registered Investment Advisor.  Pines Wealth Management, LLC is not associated with Royal Alliance Associates, Inc.  D. A. Watson & Company is not affiliated with Royal Alliance Associates, Inc. or registered as a broker-dealer or investment adviser.

 

Insurance placed through The Blue Chip Consortium, LLC. not affiliated with Royal Alliance Associates, Inc. or registered as a broker dealer or investment advisor.

 

 

IMPORTANT CONSUMER INFORMATION:

A broker-dealer "BD", investment adviser "IA", a BD agent or IA Representative may only transact business in a state if first registered in that state, or is excluded or exempt from registration in that state as a broker-dealer, investment adviser, BD agent or IA representative, as appropriate.  Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to affect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion.

 

For information concerning the licensing status or disciplinary history of a broker-dealer, investment adviser, BD agent or IA rep, a consumer should contact their state securities law administrator.