Select the currency, enter the value, and click Calculate. The result will be displayed.
Input data:
Currency: US dollar
Total loan amount: USD 350,000.00
Annual interest rate (no point): 6.000%
Repayment period: 8 years
Annual interest rate (loan point): 7.000%
Point fee: 45.0
Click "Calculate" to output data Payment point: USD 157,500.00
Monthly payment (no point): $4,599.50/month
Total cost: USD 441,552.06
Total interest paid: $91,552.06
Monthly payment (loan point): $4,771.80/month
Total cost: USD 458,092.89
Total interest paid: US$108,092.89
Points saved: -172.30 USD / month
Monthly recovery point: -914 months
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