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Mortgage Points Calculator
MORTGAGE POINTS DEFINITION:
The Mortgage Points Calculator will calculate just how much your mortgage points actually cost you in dollars. Each mortgage point is equivalent to 1% of your total loan balance. Sometimes it can be confusing to try and figure out how much mortgage points will actually cost you in real dollar terms so this Mortgage Points Calculator will let you instantly convert mortgage points to dollars if you just enter in your total loan amount and the number of mortgage points.
MORTGAGE POINTS FORMULA:
Cost of Mortgage Points = Loan Amount * .01 * Number of Points