Mortgage Points Calculator

Mortgage Points Calculator

Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.

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Definitions

Term
Number of years for this mortgage. Most common terms are 15 years and 30 years.

Mortgage amount
Total balance for your mortgage. This calculation assumes that the cost of buying points is financed. The loan amount with points will be higher than the loan without points by the cost of the purchased points.

Interest rate
Annual interest rate for this mortgage without purchasing any discount points.

Years in home
The number of years you expect to live in this home or the number of years before you refinance your mortgage.

Principal and interest
Monthly principal and interest (PI) for this mortgage.

Points rate
Annual interest rate for this mortgage with discount points.

Points
The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.



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"KLCSLOANTEAM and Korene Clopine-Seaman are a mortgage team that invests itself with their client's and referral partners business. They are just not providing mortgage information, education and services, they have built relationships in our business and invested in providing services that helps us deliver our core mission to provide the services that meets our client's needs in line with our company culture and values"

 
W. J. Bradley Mortgage Capital LLC. is a direct mortgage lender with lending authorization for Conventional, HUD, FHA, VA, USDA, and Jumbo real estate loans lending with offices in various locations focusing on providing  to the people in the communities we serve throughout the United States mostly in the Southwest. We are available to help borrowers achieve the dream of home ownership and assist them as they take advantage of today’s real estate investment opportunities and mortgage rates.

The KLCSLoanTeam and the support staff are highly trained in all of the various loan products currently available.  We are well prepared to answer any questions you may have about buying a home or to assist you with analyzing your current home loan. Simply put, we are here to help you make informed right-fit mortgage decisions.

The customer experience is our number one priority. Communication is a very important part of our business model and our unique loan process, and our investment in technology reflects just that. We have mastered the ability to effectively communicate with all parties involved on each and every transaction keeping everyone up-to-date from the first phone call through funding. Our goal is to use all of our resources to make your transaction as smooth and efficient as possible.

With the experience, resources and exceptional service standards, you will see why we deliver…simply better home loans as we are working to serve our customers, clients, and referral partners.  This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.

W J Bradley Mortgage Capital LLC
NMLS# 3233
9237 East Via De Ventura, Suite 100
Scottsdale, AZ 85258
Direct Office Phone:(623) 340-0934
Fax: (623) 218-1807
AZ License # BK-0903998;
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002;
FHA Approved

NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233
.


*Korene L. Clopine-Seaman is working with and as the Team Manager of KLCSLoanTeam.  She is licensed to originate mortgages in Arizona and California:
AZ LO-0916745
CA: DOC-218520
 

© 2012 W.J. Bradley Mortgage Capital, LLC 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.

AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Colorado Supervised Lender License #991424; Florida Mortgage Lender Servicer license #MLD738; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.


Trade/service marks are the property of W.J. Bradley Mortgage Capital LLC. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government.  This is not a commitment to lend. Restrictions apply.  All website Trade/service marks not related specifically to W.J.Bradley Mortgage Capital LLC are the sole and separate property of KLCSLoanTeam and Korene L. Clopine-Seaman.    Korene L. Clopine-Seaman is employed by W.J.Bradley Mortgage Capital LLC as a mortgage originator.  All KLCSLoanTeam © 2012 rights reserved. 

Korene L. Clopine-Seaman  is not acting on behalf of or at the direction of HUD/FHA or the federal government.© 2012 NMLS ID 218520.


W J Bradley Mortgage Capital LLC Attn: Korene Clopine-Seaman 9237 E. Via de Ventura Blvd Ste 100 Scottsdale, AZ 85258
Phone: Cell: Fax:

Copyright © 2012 W J Bradley Mortgage Capital LLC
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