home mortgage loans
Toll Free Number

800-278-9435

Loan Professionals are waiting for your call
Local Phone: 208-733-4222
Toll Free Number

800-278-9435

Loan Professionals are waiting for your call
Local Phone: 208-733-4222

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.
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First Federal Savings Bank
383 Shoshone Street North
Twin Falls, ID 83301

Ph: 208-733-4222
Toll Free: 1-800-278-9435

Privacy | Terms Of Use | NMLS# 402963

FDIC          EHL

Market News
Economic Calendar
Market Commentary

Refinance
Build Home Equity Fast
Should You Refinance?
Reverse Mortgages

Calculators
Figure Payment
How Much Can You Afford?
Buy Vs. Rent
Should I pay Points

Our Company
Home
Contact Us
Full Company Website
About Our Company
Originator NMLS#'s

Library
Appraisals
Credit
FHA Loans
Home Buyer Education
Insurance
Second Mortgages
First Federal Savings Bank
383 Shoshone Street North
Twin Falls, ID 83301

Ph: 208-733-4222
Toll Free: 1-800-278-9435

Privacy | Terms Of Use | NMLS# 402963

FDIC          EHL