Planning to buy discount points on a loan? Enter the loan amount and discount points, and our Discount Point Calculator will show you the total cost of discount points.
Discount Point Calculator
Discount Point Calculator
Component | Description |
---|---|
Loan Amount | The total amount of the loan. |
Discount Points | The number of discount points purchased. |
Cost of Discount Points | The total cost of the discount points purchased. |
Formula | Cost of Discount Points = Loan Amount × (Discount Points / 100) |
Purpose | Used to calculate the cost of discount points, aiding in mortgage and loan planning. |