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Mortgage Calculators
Refinance Decision Making Calculator *
This calculator will assist you in your refinacing options. Call your
Mortgage Consultant
for current rates and/or assistance. Set your browser to update "Every visit to the Page" for it to work properly. **
Client First Name:
Client Last Name:
Current Program
Program:
40 Year Fixed
30 Year Fixed
15 Year Fixed
25 Year Fixed
20 Year Fixed
10 Year Fixed
5 Year Balloon
7 Year Balloon
1/1 Year ARM
2/1 Year ARM
3/1 Year ARM
5/1 Year ARM
7/1 Year ARM
10/1 Year ARM
Interest Only (IO) Program:
No
Yes
IO Term:
30 Years
25 Years
20 Years
15 Years
10 Years
7 Years
6 Years
5 Years
4 Years
3 Years
2 Years
1 Years
6 Months
3 Months
1 Month
Interest Only (IO) # of Payments Made:
Please note: This calculator currently does NOT calculate extra principal payments for the current program.
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Only needed if # of Payments < IO Term
Interest Rate: (Initial Rate for Arms)
Original Loan Amount:
Private Mortgage Insurance (monthly amount):
Arm Caps (Initial/standard/lifetime):
2/2/6
3/2/6
6/2/6
2/2/5
5/2/5
1/1/5
1/1/6
Index:
Margin:
Current Home Value:
Current Loan Balance:
Second Mortgage Program:
None
5 Year Interest Only
7 Year Interest Only
15 Year Interest Only
20 Year Interest Only
15/15 Year Closed-End
15/30 Year Balloon
30 Year Fixed
Second Mtg Interest Rate:
Second Loan Amount
% Down
$ Down
New Program
Program:
40 Year Fixed
30 Year Fixed
15 Year Fixed
25 Year Fixed
20 Year Fixed
10 Year Fixed
5 Year Balloon
7 Year Balloon
1/1 Year ARM
2/1 Year ARM
3/1 Year ARM
5/1 Year ARM
7/1 Year ARM
10/1 Year ARM
1 Month Option ARM
3 Month Option ARM
Interest Only (IO) Program:
No
Yes
IO Term:
30 Years
25 Years
20 Years
15 Years
10 Years
7 Years
6 Years
5 Years
4 Years
3 Years
2 Years
1 Years
6 Months
3 Months
1 Month
New Loan Amount:
Dollar Amount
LTV Percentage
Interest Rate:
Estimated Closing Costs:
Calculate Mortgage Insurance: (if required)
No
Yes
Yes, manual entry
Manual MI Rate:
Arm Caps (Initial/standard/lifetime):
2/2/6
3/2/6
6/2/6
2/2/5
5/2/5
1/1/5
1/1/6
0/0/9.95
Index:
Margin:
Second Mortgage Program:
None
5 Year Interest Only
7 Year Interest Only
15 Year Interest Only
20 Year Interest Only
15/15 Year Closed-End
15/30 Year Balloon
30 Year Fixed
Second Mtg Interest Rate:
Second Loan Amount
% Down
$ Down
Alternate Program
Program:
None Selected
40 Year Fixed
30 Year Fixed
15 Year Fixed
25 Year Fixed
20 Year Fixed
10 Year Fixed
5 Year Balloon
7 Year Balloon
1/1 Year ARM
2/1 Year ARM
3/1 Year ARM
5/1 Year ARM
7/1 Year ARM
10/1 Year ARM
1 Month Option ARM
3 Month Option ARM
Interest Only (IO) Program:
No
Yes
IO Term:
30 Years
25 Years
20 Years
15 Years
10 Years
7 Years
6 Years
5 Years
4 Years
3 Years
2 Years
1 Years
6 Months
3 Months
1 Month
Alt Loan Amount: (0 = New Loan Amount)
Dollar Amount
LTV Percentage
Interest Rate:
Estimated Closing Costs:
Calculate Mortgage Insurance: (if required)
No
Yes
Yes, manual entry
Manual MI Rate:
Optional Extra Payment:
1-Time Period
One-Time
Monthly
Dollar
Percent*LA
Arm Caps (Initial/standard/lifetime):
2/2/6
3/2/6
6/2/6
2/2/5
5/2/5
1/1/5
1/1/6
0/0/9.95
Index:
Margin:
Second Mortgage Program:
None
5 Year Interest Only
7 Year Interest Only
15 Year Interest Only
20 Year Interest Only
15/15 Year Closed-End
15/30 Year Balloon
30 Year Fixed
Second Mtg Interest Rate:
Second Loan Amount
% Down
$ Down
Investment Alternative
Investment Rate Return:
Options
Display Life Energy Information
No
Yes
Pop-up Blocker Enabled?
No
Yes
Click 'Print' to print the above entered values.
* This calculator is not used to quote rates. Closing costs listed are only an estimate. Please consult a Mortgage Consultant for current rates and closing costs.
** If you need help changing your browser,
please contact Tom Simmons at 630-836-2534.
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