ÿþ<HTML> <HEAD> <TITLE>Mortgage Points Calculator</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. 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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>Mortgage Points Calculator</H1><P>Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.<P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="400" width="565"><param name="code" value="MortgagePoints" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="MortgagePoints.class" align="baseline" WIDTH="565" HEIGHT="400" archive="dinkytown.jar"><![endif]> <PARAM name="YEARS_IN_HOME" value="10"> <PARAM name="TERM" value="30"> <PARAM name="LOAN_AMOUNT" value="200000"> <PARAM name="INTEREST_RATE" value="6.00"> <PARAM name="DISCOUNT_POINTS_RATE" value="5.00"> <PARAM name="DISCOUNT_POINTS_PERCENT" value="2.00"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Mortgage Points Calculator</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>Mortgage Points Calculator Results</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>TITLE_MESSAGE</H1>**GRAPH**<P>RESULTS_MESSAGE This assumes that you stay in your home for YEARS_IN_HOME years without refinancing your mortgage. <P> <CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Loan with Points Summary</B></CENTER></TD></TR> <TR><TD><b>Term</b></TD><TD>TERM</TD></TR> <TR><TD><b>Loan amount*</b></TD><TD>LOAN_AMOUNT</TD></TR> <TR><TD><b>Monthly payment</b></TD><TD>POINTS_MONTHLY_PI</TD></TR> <TR><TD><b>Interest rate</b></TD><TD>DISCOUNT_POINTS_RATE</TD></TR> <TR><TD><b>Discount points</b></TD><TD>DISCOUNT_POINTS_PERCENT</TD></TR> <TR><TD><b>Discount points cost</b></TD><TD>DISCOUNT_POINTS_AMT</TD></TR> <TR><TD><b>Total payments (principal & interest)</b></TD><TD><B>POINTS_TOTAL_OF_PAYMENTS after YEARS_IN_HOME years</B></TD></TR> <TR><TD><b>Loan balance at move out</b></TD><TD>POINTS_BALANCE_AT_MOVEOUT after YEARS_IN_HOME years</TD></TR> </TABLE></TD></TR></TABLE> <P> <table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>Loan without Points Summary</B></CENTER></TD></TR> <TR><TD><b>Term</b></TD><TD>TERM</TD></TR> <TR><TD><b>Loan amount*</b></TD><TD>DOWNPAYMENT_LOAN_AMOUNT</TD></TR> <TR><TD><b>Monthly payment</b></TD><TD>DOWNPAYMENT_MONTHLY_PI</TD></TR> <TR><TD><b>Interest rate</b></TD><TD>INTEREST_RATE</TD></TR> <TR><TD><b>Total payments (principal & interest)</b></TD><TD><B>DOWNPAYMENT_TOTAL_OF_PAYMENTS after YEARS_IN_HOME years</B></TD></TR> <TR><TD><b>Loan balance at move out</b></TD><TD>DOWNPAYMENT_BALANCE_AT_MOVEOUT after YEARS_IN_HOME years</TD></TR> </TABLE></TD></TR></TABLE> <TABLE width=90% ><TR><TD><P class=footer>*This calculation assumes that the cost of buying points is financed. The loan amount with points will be higher than the loan without points by the cost of the purchased points.</TD></TR></TABLE> </CENTER> <P><DIV class=large>Payment schedule</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Term</B><DD>Number of years for this mortgage. Most common terms are 15 years and 30 years.<P> <DT><B>Mortgage amount</B><DD>Total balance for your mortgage. This calculation assumes that the cost of buying points is financed. The loan amount with points will be higher than the loan without points by the cost of the purchased points.<P> <DT><B>Interest rate</B><DD>Annual interest rate for this mortgage without purchasing any discount points.<P> <DT><B>Years in home</B><DD>The number of years you expect to live in this home or the number of years before you refinance your mortgage.<P> <DT><B>Principal and interest</B><DD>Monthly principal and interest (PI) for this mortgage.<P> <DT><B>Points rate</B><DD>Annual interest rate for this mortgage with discount points.<P> <DT><B>Points</B><DD>The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount. <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>