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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

3. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/mortgage-points-exactly-190013333.html

   The mortgage points calculators found on various lenders’ websites show you how that plays out in real terms. For example, the $300,000 loan with two points that reduces the interest rate from 7 ...

4. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

5. How much does a 1% rate change in mortgage rates actually ...

   www.aol.com/finance/how-much-does-1-percent...

   Before you accept a refinance loan offer, calculate your refinancing breakeven point with a refinance calculator — like this one from Fannie Mae — to compare the cost of paying off your ...

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators can be used to answer such questions as: If one borrows $250,000 at a 7% annual interest rate and pays the loan back over thirty years, with $3,000 annual property tax payment, $1,500 annual property insurance cost and 0.5% annual private mortgage insurance payment, what will the monthly payment be? The answer is $2,142.42.

7. APR vs. interest rate: What’s the difference? - AOL

   www.aol.com/finance/apr-vs-interest-rate...

   Consider a 30-year fixed-rate mortgage for $300,000 at 7 percent interest, with a 1 percent origination fee ($3,000) and one mortgage point (another $3,000) for a total of $6,000 in fees. That ...