Enter your Loan amount, number of
Points, Loan term in years and Annual interest rates with Points and No
Points. Click the calculator icon to view the best option and View
payment schedules for points and no points.
Generally, if you will have the
mortgage for a short period of time, points are not advisable. However,
if you plan to have the mortgage for a longer period of time, the
points will pay for themselves and more. The key to deciding whether or
not to pay points is whether you will have the mortgage for a shorter
or longer period of time than is indicated in the Months to recover
cost of points field.
The information provided by these calculators is
intended only for general information and educational
purposes. The calculated results are intended for
illustrative purposes only; accuracy is not guaranteed. The
default figures shown are hypothetical and may not apply to your
situation. Please consult a financial professional for
advice regarding your personal circumstances.