CALL US: (800) 636-8910    

 

CALL US: (800) 636-8910    

 
 

Should I pay points for a lower rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point - equaling 1% of the total loan amount - is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan.

Use our calculator to figure out the cost and effective savings of loan points, as well as the minimum amount of time it will take to recover your loan points. The savings rate is used to calculate the amount of interest you could earn if you took the dollar amount of points and placed it into a savings account as an investment.

 Loan Information
  Zip Code 
  Loan Amount ($) 
  Loan Term (Years) 
  Rate without Points 
  Rate with Points
  
Loan Points 		 
  Savings Rate (%) 
    
 
  

The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.
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Home Loans for Veterans
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VA/ CALVET LOANS
Special Financing for Veterans 
CalPERS
For CalPERS Members Only
CalSTRS
Home Loans for Veterans
FHA Loan Programs
Now with Higher Loan Limits
CalHFA
For First Time Home Buyers.

100% Financing Available
 
VITEK Mortgage Group, 3013 Douglas Blvd., Suite 135, Roseville, CA 95661
Toll Free: (800) 636-8910  FAX: (916) 543-4708
Douglas K. Bullwinkel, NMLS#281609
  Email: Doug@LenderSolutions.com   
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act
 EHL

 

 Lender Solutions is a full service direct lender funding loans through Vitek Mortgage Group for VA, FHA, CalSTRS, CalPERM, USDA, CHF Grants and CalHFA. We provide home loans for teachers, police, firefighters, and first time buyers. Contac us for all home loans in California.

 
VITEK Mortgage Group, 3013 Douglas Blvd., Suite 135, Roseville, CA 95661
Toll Free: (800) 636-8910  FAX: (916) 543-4708
Douglas K. Bullwinkel, NMLS#281609
  Email: Doug@LenderSolutions.com   
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act
 EHL

 

 Lender Solutions is a full service direct lender funding loans through Vitek Mortgage Group for VA, FHA, CalSTRS, CalPERM, USDA, CHF Grants and CalHFA. We provide home loans for teachers, police, firefighters, and first time buyers. Contac us for all home loans in California.
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