Loan Amount 

 
   

Years 

 
   

Interest Rate Without Points 

 
   

Interest Rate With Points  Points 

 
   

Annual Savings Rate 

 
   

                                              

Instructions
This simple calculator calculates your monthly payment based on your input. Select the Taxes and Insurance box to estimate your impounds (taxes, insurance, mortgage insurance). This calculator assumes conventional mortgage financing for calculating mortgage insurance.

Results
Monthly Principal & Interest Without Points: $2,022.62
Monthly Principal & Interest With Points: $1,918.56
Monthly Savings From Points: $104.06
   
Cost of Points $3,200.00
Savings Rate of Return: 6.000
Monthly Income from Investment: $16.00
   
True Montly Savings: $88.06
Time to Recoup Cost of Points: 3 Years 0 Months

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Real Estate Broker - License #: 01015912    CA Department of Real Estate  
DRE Tel: (916) 227-0931   B & P Code 10235.5, 10236.4 and Reg. 2847.3