APR vs Note Rate, Points and Break-even
This lesson is part of the course
In this lesson
You compare a no-points offer with a buy-down offer by APR and work out how long the Hallbergs must keep the loan for the point to pay off.
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Lessons in this course
- Monthly Payment and Amortization Locked
- PITI and the Escrow Account Locked
- Loan-to-Value and Combined LTV Locked
- Mortgage Insurance above 80 % LTV Locked
- Qualifying Income from Pay Stubs Locked
- Debt-to-Income and the Maximum Loan Locked
- APR vs Note Rate, Points and Break-even Locked
- Refinance Analysis: Payment, Costs and Break-even Locked