Should I Refinance

Find your Elk Rep

State Licensing

|

Shop
over 80
banks with one call.

1-888-355-3462

Shop
over 80
banks with one call.

1-888-355-3462

Commercial Loans

Working with a Elk Financial representative can make your home buying process smooth and fun!

elk financial

elk financial


First Name	Last Name

Phone	Zip Code

Email Address

This calculator figures your monthly savings and also compares your principal balance in years with and without refinancing. Based on your total cost to refinance, a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation. It is possible that a break even period may not be reached if you refinance your loan with a cash out option.

Loan Information

Current Loan Amount ($)

Loan Term (Years)

Interest Rate

Refinance Information

New Loan Amount ($)

New Interest Rate

Loan Term (Years)

Property Information

Property Value ($)

Loan Points

Loan Costs

Years Before Sale

Zip Code

The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

Interest Rates

Program

Rate

Points

APR

Conforming Program

4.000%

1.000

4.101%

3.750%

1.375

3.933%

3.500%

1.500

3.752%

Government Program

FHA 30 Year Fixed

4.000%

1.000

4.101%

Full Rate Sheet

Don't see the rate you want?
REQUEST YOUR RATE

Don't see the rate you want?
REQUEST YOUR RATE

Core - Research Market Commentary Brief This week brings us the release of only two pieces of economic data, but neither of them are considered to be highly important. In addition to the economic releases, we also have two Treasury auctions that may play a role in this week’s mortgage pricing. The financial and mortgage markets will closed Monday in observance of the Labor Day holiday, meaning we will not see new mortgage rates until Tuesday morning.

	Give us a call today at: 888-355-3462 \| Contact Us \| Mortgage Library Give us a call today at: 888-355-3462 \| Contact Us \| Mortgage Library
		Copyright 2010 Elk Financial Privacy Statement \| Terms Of Use powered by OpenClose Mortgage Software