Mortgage Points Calculator

Easy-to-Use Tools for Planning Your Finances

Kennebec Savings Bank has convenient financial calculators available to help you plan for your needs, achieve your goals, and realize your dreams.

Please note: these calculators are designed for illustrative purposes only. They should not be considered legal, tax, or financial advice.

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Mortgage Points Calculator

Should you buy points? Use the mortgage points calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. The mortgage points 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.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.