Thursday, October 16, 2008, 3:13AM ET - U.S. Markets open in 6 hours and 17 minutes.
Real Estate
Should I Pay Discount Points For A Lower Interest Rate?
In some cases, you may decide to "buy down the interest rate" by paying extra money up front in the form of discount points. Use this calculator to help determine if this might makes sense for you.
| Mortgage Input and Assumptions | |
|---|---|
 | |
| |
| Analysis | Loan1 | Loan2 | Totals |
|---|---|---|---|
| |||
| |||
| |||
| |||
{
"WS" : "ads1.finance.vip.re4.yahoo.com/CalcService",
"fields" : {
"udata" : [
"loan_amount"
,
"term_years"
],
"rdata" : {
"results_paragraph" : "results_paragraph"
,
"monthly_payment1" : "simple"
,
"monthly_payment2" : "simple"
,
"discount_spread" : "simple"
,
"monthly_savings" : "simple"
,
"breakeven" : "simple"
,
"chart" : "chart"
}
}
}
Powered By 
This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.
Rate This calculator
Rates
See today's average rates across the country.
-
Loan Type Today Last Week 30 Year Fixed 6.38% 5.87% 15 Year Fixed 6.07% 5.61% 1 Year ARM 6.28% 7.14% 30 Year Fixed Jumbo 7.65% 7.31% 5/1 ARM 6.04% 5.84% 3/1 ARM 5.86% 5.70% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 7.66% 7.64% $50K Home Equity Loan 7.25% 7.25% $75K Home Equity Loan 7.26% 7.26% $30K HELOC 5.15% 5.23% $50K HELOC 4.78% 4.80% $75K HELOC 4.79% 4.81% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.81% 6.77% 48 Month New Car Loan 6.58% 6.82% 60 Month New Car Loan 6.60% 6.84% 72 Month New Car Loan 6.44% 6.44% 36 Month Used Car Loan 7.18% 7.15% 48 Month Used Car Loan 6.85% 6.94% Source: Bankrate -
Card Type Today Last Week Balance Transfer 10.31% 10.03% Low Interest 11.01% 10.97% For Bad Credit 13.02% 13.12% Cash Back 11.47% 11.46% Business 11.10% 10.91% Airline 12.75% 12.69% Source: CreditCards.com
