Mortgage Points Calculator (11b)
Break-Even Period on Adjustable-Rate Mortgages
Who This Calculator is For: Borrowers who want to know whether they
will save or lose money over a specified period by paying points
in order to reduce the interest rate on an ARM.
What This Calculator Does:This calculator shows the costs and benefits of
paying points to reduce the rate on an ARM, and the minimum
period they must hold an ARM before it makes sense to pay
additional points (the "break-even period").