Should I pay points to lower the rate?
Less points
More points
Loan amount
$
$
Term
(years)
Interest rate
%
%
Discount
points
%
%
Origination fee
%
%
Upfront costs
$
$
Your state + federal
tax rate
%
Purchase price
$
Yearly
property tax
$
Yearly
property insurance
$
Years before you sell or pay off loan
Your
savings rate
%
If loans have adjustable rates
Months before first adjustment
Months between rate adjustments
Maximum rate adjustment
%
%
Minimum rate
%
%
Maximum rate
%
%
Margin
%
%
Index rate
%
%
Index rate change per adjustment
%
%
Months between index adjustments
Regarding loan one
Fixed rate mortgage
Adjustable rate
mortgage
Interest rates will stay the same
Interest rates will increase
Interest rates will decrease
Regarding loan two
Fixed rate mortgage
Adjustable rate mortgage
Interest rates will stay the same
Interest rates will increase
Interest rates will decrease
