Mortgage Calculator - Paying Points

Mortgage Points come in two flavors, discount and origination. Discount points represent prepaid interest that the borrower pays the lender at closing. Borrowers can lower the interest rate by paying discount points.

Please enter your information below

Less Points

More Points

Loan Amount

Term in Years

Interest Rate

Discount Points

Origination Fee

Closing Costs

State + Federal Tax Rate

Purchase Price of Potential Home

Yearly Property Taxes

Yearly Homeowner's Insurance

Years Loan is Paid Off or You Sell

Results
The loan with points will cost you $ less over the years.

	Less Points	More Points
Principal and Interest
Taxes and Insurance
Mortgage Insurance
Total Monthly Payment

Current Rates
30 Yr Fixed	5.000%
15 Yr Fixed	4.750%
30 Yr Fixed Jumbo	6.250%
20 Yr Fixed Jumbo	6.000%
Interest Only	5.500%
15 Year Land Loan	5.250%
Prime Rate	3.250%
FHA Rate	5.375%
Commercial	6.500%

Interest Rates, Mortgage program terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Loans are subject to credit review and approval. Properties securing all loans must be located in the U.S. Other restrictions and limitations may apply