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

The Best Mortgage Calculators On the Web! 

Please try our 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 - right before your eyes - 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.

This Financial Calculator requires a Browser with Java Support



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.



School Reports in Wilton, Ridgefield and Westport, Connecticut
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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The Heritage Foundation

Connecticut Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in Wilton, Ridgefield and Westport 





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Marion Filley Team Advantage, REALTOR®, real estate agents and broker for Wilton, Ridgefield and Westport, Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Marion Filley Team Advantage
Prudential CT Realty

101 Old Ridgefield Road, Suite 115
Wilton, CT. 06897
Phone: 203-762-4221
Fax: 203-286-2525
Email: marionfilley@NUMBER1EXPERT.COM

When you are making one of the most important decisions of your life, you want a professional who is committed to excellence. Marion believes there is much more to excellent service than getting you the best price for your house or finding exactly what you are looking for in a home. Marion works tirelessly to not only meet your needs, but exceed your expectations. Prudential Connecticut Realty


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