Should I pay points to lower the rate? Less points More points Loan amount $ $ Term (years) Interest rate % % Discount points % % Origination fee % % Upfront costs $ $ Your state + federal tax rate % Purchase price $ Yearly property tax $ Yearly property insurance $ Years before you sell or pay off loan Your savings rate % If loans have adjustable rates Months before first adjustment Months between rate adjustments Maximum rate adjustment % % Minimum rate % % Maximum rate % % Margin % % Index rate % % Index rate change per adjustment % % Months between index adjustments Regarding loan one Fixed rate mortgage Adjustable rate mortgage Interest rates will remain the same Interest rates will increase Interest rates will decrease Regarding loan two Fixed rate mortgage Adjustable rate mortgage Interest rates will remain the same Interest rates will increase Interest rates will decrease