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)

$
 
   
   
Acorn Financial Services
290 West Mount Pleasant Avenue
Suite 3100
 • Livingston, NJ • 07039
Phone: 973-716-7583 • Fax: 973-994-2986
• rlecky@acornfs.com


ACORN FINANCIAL SERVICES IS INDEPENDENT OF JOHN HANCOCK LIFE INSURANCE COMPANY AND SIGNATOR INVESTORS, INC.

290 West Mount Pleasant Avenue , Suite 3100 - Livingston, NJ 07039 - 973-994-0100

We are licensed to sell Insurance Products in the following states:
Illinois, New Jersey.

We are registered to sell Securities in the following states:
Florida, Illinois, New Jersey, New York.

Offering John Hancock insurance products.
Securities and Investment Advisory Services offered through Signator Investors, Inc.,
Member FINRA, SIPC, a Registered Investment Advisor.

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