Catalina Island Real Estate

Should I Pay Points to Lower My Interest Rate?

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Interest Rate with Points : (%)
Length : (Yrs)
Additional Information
Points : (%)
Your Savings Rate : (%)
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Financial Analysis
  Without Points With Points
Amount Financed : $500,000.00 $500,000.00
Monthly Principal & Interests : $2,684.11 $2,533.43
Monthly Payment Savings : $150.68
Points Value : $5,000.00
Monthly Investment Savings : $20.83
True Monthly Savings : $129.85
Break Even : 3 Years 3 Months
DISCLAIMER: 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.
Catalina Island Real Estate

 

Contact us today and take the first steps toward
realizing your Catalina Island real estate dreams.

 

     Catalina Island Real Estate, Inc. - 119 Sumner Ave - Avalon, California - (310) 510-3000

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