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)

$
 
   
   
Deferred Compensation, 401(k), Pension and Individual Investment solutions
11100 Wayzata Blvd, Suite 161 • Minnetonka, MN • 55305
Phone: 952.277.4259
Toll Free: 800.626.7095		 • Fax: 952.277.4301
• swanson.joe@principal.com

Joe Swanson is licensed in MN, WI, IA, and SD to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CA, IA, MN, ND, NJ, NM, OH, SD, WI, and WV and adviser registered in MN.  Cindy Henry is licensed in MN, NE, OH, and WI to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in IL, MN, WI, and WV and adviser registered in MN.  Peter Hyjek is licensed in CA, GA, IA, MN, ND, NE, OH, and WI to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CA, FL, GA, IA, IL, MN, MO, ND, NJ, OH, WA, and WI and adviser registered in MN.  Andy Tighe is licensed in MN to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in MN and WI and adviser registered in WI.

This site is not a solicitation of interest in any of these products in any other state.

IMPORTANT CONSUMER INFORMATION: Joe, Cindy, Peter, and Andy may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if he or she is excluded or exempted from the state's registration requirements.  Follow-up, individualized responses to consumers in a particular state by Joe, Cindy, Peter or Andy that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion.  For information concerning the licensure status or disciplinary history of a broker-dealer, investment adviser, BD agent or IA representative or any financial institution he or she represents, contact your state securities law administrator.

Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York), Principal Life Insurance Company, and the companies available through the Preferred Product Network, Inc.  Securities and advisory products offered through Princor Financial Services Corporation, 800/247-1737, member SIPC.  Principal National, Principal Life, the Preferred Product Network and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392.  Joe Swanson, Cindy Henry, Peter Hyjek and Andy Tighe, Principal National and Principal Life Financial Representatives, Princor Registered Representatives, Financial Advisors.

Principal Life maintains certificates of authority to transact insurance in all 50 states.  Principal Life NAIC identification number is 61271.  Principal National NAIC identification number is 71161.

Privacy Policy