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What is the formula to determine benefit of buying down a mortgage interest rate?

Jan 18, 2009 by wilgilb1 | Posted in Renting & Real Estate

I run the calculation this way. One point equals 1% of the loan amount. How much does the lower interest rate lower your monthly payment? Divide the amount you paid by the monthly savings. It will take that many months to break even. Will you be

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wealthpeace.com samassil.com When is a mortgage loan of 3.75% really 67%? When it is your home loan! Real estate Broker, Sam demonstrates the ...

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