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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   Breakeven calculation. Cost of points / monthly payment savings. $6,400 / $85 = 75 months. This shows that our borrower would have to stay in the home for about 75 months, or just over six years ...

3. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/finance/mortgage-points-exactly...

   In most cases, a mortgage point is 1% of your mortgage loan amount, purchased at closing, that reduces your interest rate by 0.25%. On a $300,000 loan at 7% interest, one point would cost $3,000 ...

4. Mortgage Points: When It's Smart to Pay More Upfront - AOL

   www.aol.com/2012/05/16/mortgage-points-pay-more...

   Mortgage points provide an opportunity for borrowers to. Skip to main content. Finance. 24/7 help. For premium support please call: 800-290-4726 more ways to reach us. Login / Join ...

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points. Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate.

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   4%. Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [2]

7. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage ), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.