Current Rates
Type of Loan Rate*      APR*
5 Year ARM
5.821%
5.033%
15 Year Fixed
5.243%
5.288%
30 Year Fixed
5.729%
5.717%
Home Equity Loan
7.420%
5.740%
HELOC
6.305%
6.990%
*Based on the Rate FocusRate Focus
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Calculators

   Online Mortgage Calculators  /  Discount Point Mortgage Online Calculator

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Discount points are fees paid to the lender at closing to get a lower mortgage rate. Usually one disount point is equal to a .125 point mortgage rate reduction, and each point will cost about 1% of the loan amount. So fill in the boxes below to find out how much you can save, and if it makes sense or not.

Should I pay discount points?
Original Interest Rate: %
Interest Rate with Discount Points: %
Discount Points:
Total Home Mortgage Amount: $
Term of the Loan: years

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