HomeTown Lenders - Mortgages, Home Loan Rates, Refinance Mortgage Quotes & FHA Mortgage Rates

We search thousands of rates every day to bring you the absolute lowest priced loan at the best rate!
Click here to search our low rates.

Fast, easy-to-understand process saves you time!
Click here to find out what to expect.

We offer a complete range of conforming, non-conforming, and government loans.

Bad Credit? Get a YES at HomeTown Lenders!
Click here to find out how

HomeTown Lenders is your best choice for mortgage financing solutions.
Click here to find out why!

Should I Pay Points for a Lower Interest Rate?

Loan Information Loan Amount Years Interest Rate without Points Interest Rate with Points	Financial Information Points Annual Savings Rate

Results
Monthly Payment without Points:	$1,199.10
Monthly Payment with Points:	$1,167.15
Monthly Savings from Paying Points:	$31.96

Cost of Points:	$2,000.00
Savings Rate of Return:	6.000 %
Monthly Income from Investment:	$10.00

True Monthly Savings:	$21.96
Time to Recoup Cost of Points:	7 Yrs, 7 Mnts
These calculations are only estimates and should not be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.