One point represents one percent of your loan. You can purchase
points at closing based on how much your loan is worth. For example, on a $10,000 loan, one point equals $100.
By purchasing points, you can reduce the amount of interest you pay on your loan. Use this calculator to
determine if buying points is the right move for you.
Input
Financial Analysis
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Without Points
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With Points
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Amount Financed
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$200,000.00
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$198,000.00
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Monthly Payment
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$1,247.74
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$1,167.15
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Monthly Payment Savings
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$80.59
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Points Value
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$2,000.00
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Monthly Investment Savings
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$8.33
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True Monthly Savings
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$72.26
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Break Even
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2 Yrs 4 Mts
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DISCLAIMER:
Although this is an estimation of the information you provided, none of these
figures are guaranteed. Final statistics can only be given by the financial
institution that supplies you with the loan or other financial services. You
must double check with your provider to ensure accurate information. Please
read the Terms of Use
for further details.
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