Should I pay points to lower the rate?
Less points
More points
Loan amount
$
Home Loan Amount
$
Loan amount (adjustable)
Term (years)
Home Loan Term in Years
Term of loan (adjustable)
Interest rate
Interest Rate
%
Loan rate (more points)
%
Origination Charge
$
Origination Charge
$
Origination Charge Amount
Charge For Specific Interest Rate (Points)
Discount Points
%
Discount points (more points)
%
Other settlement services
$
Other Settlement Costs
$
#N/A
Your state + federal tax rate
Tax rate
%
Purchase price
$
Home Value
Yearly property tax
$
Yearly Property Tax
Yearly property insurance
$
Yearly Property Insurance
Years before you sell or pay off loan
Years Before Selling or Loan Payoff
Your savings rate
Rate earned on savings
%
If loans have adjustable rates
Months before first adjustment
Months before first rate adjustment
Months before first rate adjustment (more points)
Months between rate adjustments
Months between rate adjustments
Months between rate adjustments (more points)
Maximum rate adjustment
Maximum rate changed allowed per adjustment
%
Maximum rate changed allowed per adjustment (more points)
%
Minimum rate
Minimum rate
%
Minimum rate (more points)
%
Maximum rate
Maximum rate
%
Maximum rate (more points)
%
Margin
Margin
%
Margin (more points)
%
Index rate
Index rate
%
Index rate (more points)
%
Index rate change per adjustment
Index rate change per adjustment
%
Index rate change per adjustment (more points)
%
Months between index adjustments
Months between index adjustments
Months between index adjustments (more points)
Regarding loan one
Fixed rate mortgage
Adjustable rate mortgage
Interest rates will remain the same
Interest rates will increase
Interest rates will decrease
Regarding loan two
Fixed rate mortgage
Adjustable rate mortgage
Interest rates will remain the same
Interest rates will increase
Interest rates will decrease