It depends on many factors, such as the loan amount, how many years you live there, etc. My formula is 0.125% increasing in interest means $3000 at closing date (for fixed 30 years loan). I think with point is better. I am not familar with 5/1 arm.
could you explain your fomula about the $3000. Many thanks.
live for
【在 w******w 的大作中提到】 : It depends on many factors, such as the loan amount, how many years you live : there, etc. : My formula is 0.125% increasing in interest means $3000 at closing date (for : fixed 30 years loan). : I think with point is better. I am not familar with 5/1 arm.
【在 w******w 的大作中提到】 : It depends on many factors, such as the loan amount, how many years you live : there, etc. : My formula is 0.125% increasing in interest means $3000 at closing date (for : fixed 30 years loan). : I think with point is better. I am not familar with 5/1 arm.