skip navigation Menu 302-424-7777 Mortgage Refinancing Should You Refinance Your Mortgage? 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. What is the principal balance remaining on your current mortgage (from your last statement)? 0 200k 400k 600k 800k What is the annual percentage interest rate on your current mortgage? 0 2 4 6 8 10 How many years remain on your current mortgage? 0 5 10 15 20 25 30 Previous Next This hypothetical example is used for illustrative purposes only. Actual results will vary. This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. 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 Broadridge Advisor Solutions. © 2021 Broadridge Investor Communication Solutions, Inc. Securities offered through First Allied Securities, Inc. (FASI), A Registered Broker/Dealer, Member: FINRA/ SIPC. Advisory Services offered through First Allied Advisory Services, Inc., A Registered Investment Advisor. This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services Important Disclosures | Business Continuity Site Map Check the background of this financial professional on FINRA's BrokerCheck