Welcome > Resources > Mortgage Calculators > Buying Points ...

The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

Will Buying Points Save You Money?

Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This 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.

Definitions

Term

Number of years for this mortgage. Most common terms are 15 years and 30 years.

Mortgage amount

Total balance for your mortgage.

Interest rate

Annual interest rate for this mortgage without purchasing any discount points.

Years in home

The number of years you expect to live in this home or the number of years before you refinance your mortgage.

Principal and interest

Monthly principal and interest (PI) for this mortgage.

Points rate

Annual interest rate for this mortgage with discount points.

Points

The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Time to Move >Why Not Remodel When your home starts feeling too small or outmoded, you may think that the solution is to remodel. Although it is a workable solution for many homeowners, others who do extensive remodeling end up selling their homes within a few years of completing the work. The decisions you make about your renovation could have a significant impact on whether you can recover your investment when you sell your home. Real estate agents see a lot of homes and listen to a lot of buyers. Together with architects and professional kitchen planners, they can offer valuable advice on how to improve a kitchen or bath, or add a room that will increase your family's enjoyment and attract future buyers. Before you decide to take the remodeling plunge, you should consider whether expensive improvements will over-improve your home in relation to the neighborhood. If you are inclined to make an investment in your home that far exceeds the selling price of other homes in the area, it may be better to sell your present home and buy one that corresponds to your needs. See All Tips In The "Time to Move" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is the world's tallest monument? A  The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high. See More Real Estate Trivia >

Lauren Bisbee Keller Williams Sandpoint 212 N. 1st Ave, Suite 101 Sandpoint, ID 83864 Cell: 208-627-8819 Fax: 208-265-5151 laurenbisbee@NUMBER1EXPERT.com Twitter Updates follow me on Twitter

Twitter Updates

follow me on Twitter

www.LaurenBisbee.com is brought to you by Lauren Bisbee
NUMBER1EXPERT in real estate for Sandpoint, Sagle and Hope, Idaho

Read Lauren Bisbee's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.