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)

$
 
   
   
LFCU Financial Services, Inc.
2340 Hollywood Way • Burbank, CA • 91510
Phone: (800) 553-3707 • Fax: (818) 565-2290

 

IMPORTANT: Brokerage Disclosures:

Registered Representatives of INVEST Financial Corporation (INVEST), member FINRA, SIPC, a registered Broker Dealer is not affiliated with LFCU Brokerage & Insurance Services.

Important Consumer Information:

This site is for informational purposes only and is not intended to be a solicitation or

offering of any security and;

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This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

INVEST FINANCIAL CORPORATION'S PRIVACY POLICY

Products offered are: • NOT A DEPOSIT • NOT FDIC OR NCUSIF INSURED • NOT GUARANTEED BY LFCU • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • MAY LOSE VALUE