Inter-Lake Mortgage Company, LLC
2675 44Th Street SW
Wyoming, MI 49519

Land Loan Specialist
20% Down payment

Veteran for Veterans
Zero Down Mortgage Loan

Rural Development Loans
Zero Down payment

Michigan FHA Mortgage Loans 3.50% Down Payment

Michigan FHA & VA Approved Lender
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Phone (616) 301-1811
Fax (616) 301-2447
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Copyright 2004 - 2012
Inter-Lake Mortgage Company, LLC
( all rights reserved )
Michigan Mortgage License
NMLS No. # 139327

Mortgage Calculator - Paying Points

Mortgage Points come in two flavors, discount and origination. Discount points represent prepaid interest that the borrower pays the lender at closing. Borrowers can lower the interest rate by paying discount points.

Please enter your information below

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More Points

Loan Amount
Term in Years
Interest Rate
Discount Points
Origination Fee
Closing Costs
State + Federal Tax Rate
Purchase Price of Potential Home
Yearly Property Taxes
Yearly Homeowner's Insurance
Years Loan is Paid Off or You Sell

Points Calculator for a better loan

Results


The loan with points
will cost you $
less over the years.

Less Points More Points
Principal and Interest
Taxes and Insurance
Mortgage Insurance
Total Monthly Payment

BBB
A+ Rating

Veteran Owned Company

Current Rates

30 Yr Fixed
$200,000
4.125%
APR 4.507%
15 Yr. Fixed
$200,000
3.375%
APR 3.633%
FHA Rate
$200,000
3.625%
APR 4.125%
30 Yr Jumbo
$500,000
5.125%
APR 5.220%
15 Yr Jumbo
$500,000
4.750%
APR 4.925%
30 Yr Land
$100,000
5.350%
APR 5.565%
15 Yr Land
$100,000
4.450%
APR 4.816%
Float Land
$100,000
3.750%
APR 4.025%
Prime Rate 3.250%
Commercial
$500,000
6.375%
APR 6.723%

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Interest Rates, Mortgage program terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Loans are subject to credit review and approval. Properties securing all loans must be located in the U.S. Other restrictions and limitations may apply