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)

$
 
   
   
Bruce Cotter
Mailing Address:
P.O. Box 701945
San Antonio, Texas 78270

Street Address:
2611 Rim Oak
San Antonio, Texas 78232
Phone: 210.340.4101
Toll Free: 877.200.1277		 • Fax: 866.897.5167

Web - Email Address
• Bruce@BruceCotter.com

I am licensed to sell Insurance Products in the following states: Florida, Georgia, New York, Rhode Island, Texas, Virginia

I am registered to sell Securities in the following states: Arizona, California, Colorado, District of Columbia, Florida, Georgia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, Washington

Securities offered through: Northeast Securities, Inc., Member FINRA/SIPC, 2611 Rim Oak, San Antonio, Texas 78232
Phone 210.340.4101

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