skip navigation

Where Your Money Matters

Contact Us

8611 Highway 23, Suite 1-C
Belle Chasse, LA 70037
  • Phone:
    504-393-2228
  • Fax:
    504-393-2276
  • E-mail address: danica@ansardifinancial.com
  • Home
  • About Us
    • Our Firm
    • Our Location
    • Our Services
    • Our Qualifications
    • Our Calendar
    • Featured Links
    • Tell A Friend
  • Resources
    • Articles
    • Calculators
    • Flipbooks
    • Newsletters
    • Glossary
    • Tax Library
    • Videos
  • Market Watch
    • Detailed Quotes
    • Symbol Lookup
    • Multi Quote
    • Markets at a Glance
    • Charting
    • Portfolios
  • Request A Quote
    • Annuity
    • Long-Term Care Insurance
    • Group Health
    • Life Insurance
    • Individual Health
    • Disability Income Insurance
  • Contact Us
  • Plan for Tomorrow
  • Live for Today
  • Let us help you plan for the future

Where Your Money Matters

share |
Printed from: www.ansardifinancial.com
  • Ansardi Financial Services, LLC
  • 8611 Highway 23, Suite 1-C, Belle Chasse, LA 70037
  • 504-393-2228 | danica@ansardifinancial.com

Mortgage Refinancing

Should You Refinance Your Mortgage?

When mortgage interest rates fall, refinancing becomes an attractive option for many homeowners, but there other things to consider.

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.

Loan origination fees are typically charged by the lender to process your loan (1 point = 1 percent).

 

Fixed costs could include fees for items such as the appraisal, notary, inspections, and recording fee.

 

Your Results

The results below show the estimated cost of refinancing, your current and refinanced mortgage payment amount, the monthly savings, and the amount of time it will take you to recoup the costs of refinancing. If you plan to sell your home before you recoup the cost of refinancing, it may not be worthwhile. However, if you plan to stay in your home beyond that time, refinancing could possibly save you a substantial amount of money.

Total estimated refinance costs: $0.00
Current monthly payment: $0.00
Estimated monthly payment (refinanced): $0.00
Monthly savings: $0.00
Break even (in months) to recover refinancing costs: 0

The calculation above assumes the refinance costs are not added to the new loan. This hypothetical example assumes your mortgage is subject to refinancing.

The graph below illustrates the difference between your current mortgage and the mortgage you are considering. You can see what the balance and payoff time would be for each mortgage. Although your monthly payments and overall expenses may be reduced if you refinance, the term of your payments may be longer. For example, if you have been paying on your current 30-year mortgage for five years and you refinance a new 30-year mortgage, you will be making payments for an additional five years.

Projected Refinance Costs

 

The calculation above assumes the refinance costs are not added to the new loan. This hypothetical example assumes your mortgage is subject to refinancing.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

background image for page 1 background image for page 2 background image for page 3 background image for page 4

Contact Us

8611 Highway 23, Suite 1-C
Belle Chasse, LA 70037
  • Phone:
    504-393-2228
  • Fax:
    504-393-2276
  • E-mail address: danica@ansardifinancial.com

Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 25,883.25 +1.74%
Nasdaq Composite 7,472.41 +0.61%

[ Markets | Charts | Quotes | Portfolio ]

Market data delayed per exchange rules.
All quotes are in US Eastern Time (EST).
Market data provided by ICE Data Services. ICE Limitations. Powered and implemented by FactSet. Legal Statement.

Advisory services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Advisor.  Securities offered through ProEquities, Inc., a Registered Broker-Dealer, Member, FINRA (www.finra.org) & SIPC.  Ansardi Financial Services, LLC., is independent of ProEquities, Inc.

Please be advised that Danica Ansardi presently holds series 6, 7, 63, and 65 licenses and is licensed to discuss with and/or sell financial services and/or investment products with residents of AL, AR, AZ, CO, FL, LA, MS, NC, and TX. For residents of other states, proper licenses and registrations must be obtained by Ms. Ansardi before proceeding further. No parts of this communication should be construed as an offer to sell any security or provide investment recommendations. Mutual funds, annuities, stocks and other securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risk including possible loss of principal.

  • Site Map