Home / Tools & Calculators / Points Calculators

Archive for the ‘Points Calculators’ Category

Break-Even Period on Paying Points, ARM

Break-Even Period on Paying Points, ARM

Posted on March 2nd, 2012 with 1 Comment

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”). 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.

Read more...
Break-Even Period on Paying Points, Fixed-Rate Mortgage

Break-Even Period on Paying Points, Fixed-Rate Mortgage

Posted on March 2nd, 2012 with 0 Comments

This calculator shows the costs and benefits of paying points to reduce the rate on a fixed-rate mortgage, and the minimum period a borrower must hold a fixed-rate mortgage before it makes sense to pay additional points (the “break-even period”). 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 FRM.

Read more...

Special Note

If your employer/company does not operate exclusively as a mortgage broker, you are not eligible for UMBA membership.

Apply For Membership

DIRECTORS

Jack Guttentag
Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania

Jeff Jaye
Amerifirst Financial

Kevin Iverson
President, Reed Mortgage Corporation

Jared Martin
Chief Executive Officer, Keystone Funding, Inc.

Jodi York-Caraballo
Network Mortgage, LLC.

No Need to Read Between the Lines with UMBA

Headquarters

UMBA
3000 So. Jamaica Ct.
Suite 390
Aurora, CO 80014

Phone: 303.274.6863
Fax: 303.979.6094
info@upfrontmortgagebrokers.org

Find a UFMB