Should I Pay Points

Call Us At: (800) 636-8910

Should I pay points for a lower rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point - equaling 1% of the total loan amount - is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan.

Use our calculator to figure out the cost and effective savings of loan points, as well as the minimum amount of time it will take to recover your loan points. The savings rate is used to calculate the amount of interest you could earn if you took the dollar amount of points and placed it into a savings account as an investment.


	Loan Information
			Zip Code
			Loan Amount ($)
			Loan Term (Years)
			Rate without Points
			Rate with Points
			Loan Points
			Savings Rate (%)

The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

land home financial services VITEK Mortgage Group, Inc., 3013 Douglas Blvd. #135, Roseville, CA 95661
Toll Free: (800) 636-8910 FAX: (916) 543-4708
Email: Doug@CalSTRSLoan.com
VITEK Mortgage Group is licensed by the CA Dept of Real Estate License # 01182013

calstrsloan.com - EHL

NOTE: CalSTRSLoan.com is not the official website of CalSTRS. The official website for CalSTRS is www.CalSTRS.com