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)?

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2. What is the annual interest rate on your current mortgage?

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3. How many years remain on your current mortgage?

4. What will the annual interest rate be on your new mortgage?

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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.)

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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?

$
 
   
   
GFS Wealth Management
33300 Eqypt Lane • Magnolia, TX • 77354
Phone: 281-356-4447 • Fax: 281-356-4448
www.graysonfs.com • gfs@graysonfs.com

IMPORTANT NOTE:  *Thomas Grayson, Judy Bode, *Thomas Post, John Lynch, and Ed Slovacek are registered representatives registered to transact business with clients in Texas.  Thomas Grayson is also registered to transact business with clients in Arizona, California, Colorado, Florida, Kansas, Oklahoma, Ohio, Nebraska, Massachusetts, Wisconsin, and Michigan.  Judy Bode is also registered to transact business with clients in Wisconsin.  Thomas Grayson and Thomas Post also an investment adviser representative licensed in Texas.  Thomas Grayson, Judy Bode, Thomas Post and Ed Slovacek are insurance licensed in the following states: Texas.  If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities, investment advisory services or insurance services over the internet.  Securities offered through H.D. Vest Investment ServicesSM, Member SIPC *Advisory Services offered through H.D. Vest Advisory ServicesSM, non-bank subsidiaries of Wells Fargo & Company, 6333 North State Highway 161, Fourth Floor, Irving, TX  75038, 972-870-6000.
 
  Investments & Insurance Products:
• Are not insured by the FDIC or any federal government agency
• Are not deposits of or guaranteed by the bank or any bank affiliate
• May lose Value

GFS Wealth Management is not a registered broker/dealer or independent investment advisory firm.