Points:  A point is a fee equal to 1% of the loan principal.  Some lenders offer to adjust the number of points if the borrower accepts a different interest rate.  Accepting more points will reduce the monthly payment.

Cost of Points:  This is the dollar value of the points.

DISCLAIMER: The calculations performed by this calculator are mathematical estimates. There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor before making any financial decisions.


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