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Mortgage Points Calculator
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Mortgage Points Calculator
Should you buy points? Use the mortgage points calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. The mortgage points calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Totals after 10 years in your home Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Principal Balance by Year Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Buying points can save you $23,318.41 over 10 years.
Mortgage with points: | Monthly payment $2,212.24 |
Mortgage without points: | Monthly payment $2,398.31 |
Loan amount:
$343,000.00
Mortgage Points Calculator Inputs |
Totals after 10 years in your home. |
Principal Balance by Year |