Ways to use Mortgage points calculator
To get an idea, use this mortgage points calculator.
Based on the information you enter, our mortgage points calculator generates personalized results. However, it makes some significant assumptions about mortgage insurance and other costs. It will assist you in determining whether you should purchase mortgage points.
Paying more points will cost you $4,000 more than paying less points over 7 years.
Less points | More points | |
|---|---|---|
| Principal and interest | $1,043 | $1,043 |
| Private mortgage insurance (PMI) | $0 | $0 |
| Property taxes and insurance | $354 | $354 |
| Total initial payment | $1,397 | $1,397 |
