{"id":22838,"date":"2008-07-16T09:33:56","date_gmt":"2008-07-16T09:33:56","guid":{"rendered":"http:\/\/www.brownstoner.com\/?p=22838"},"modified":"2008-07-28T16:28:00","modified_gmt":"2008-07-28T16:28:00","slug":"points-what-am","status":"publish","type":"post","link":"https:\/\/www.brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/","title":{"rendered":"Points (what am I missing)"},"content":{"rendered":"<p>Can someone explain why lenders tell me that one point (at, say $3000) saving $20 on each mortgage payment will pay for itself in 7 years? By my math, I&#8217;d need 12 years before that point starts paying off. <\/p>\n<p>Here&#8217;s my math:<\/p>\n<p>c = the cost of one point<br \/>\n <span class=\"plp-active-page\"><span class=\"\">%<\/span><\/span> | <a href=\"https:\/\/www.brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/2\/\" class=\"post-page-numbers\"><span class=\"\">%<\/span><\/a> | <a href=\"https:\/\/www.brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/3\/\" class=\"post-page-numbers\"><span class=\"\">%<\/span><\/a> ","protected":false},"excerpt":{"rendered":"<p>Can someone explain why lenders tell me that one point (at, say $3000) saving $20 on each mortgage payment will pay for itself in 7 years? By my math, I&#8217;d need 12 years before that point starts paying off. Here&#8217;s my math: c = the cost of one point s = savings on monthly payment&#8230;<\/p>\n","protected":false},"author":9743,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[100],"tags":[],"districts":[],"class_list":["post-22838","post","type-post","status-publish","format-standard","hentry","category-mortgage"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Points (what am I missing)","url":"http:\/\/www.brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2008\/07\/points-what-am\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Mortgage","author":[{"@type":"Person","name":"amanda"}],"creator":["amanda"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2008-07-16T09:33:56Z","datePublished":"2008-07-16T09:33:56Z","dateModified":"2008-07-28T16:28:00Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Points (what am I missing)\",\"url\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2008\\\/07\\\/points-what-am\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2008\\\/07\\\/points-what-am\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Mortgage\",\"author\":[{\"@type\":\"Person\",\"name\":\"amanda\"}],\"creator\":[\"amanda\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Forum Archive\",\"logo\":\"\"},\"keywords\":[],\"dateCreated\":\"2008-07-16T09:33:56Z\",\"datePublished\":\"2008-07-16T09:33:56Z\",\"dateModified\":\"2008-07-28T16:28:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/brownstoner.com\/p.js"},"jetpack_featured_media_url":"","print_hed":"","photo_gallery":[],"print_subhed":"","print_slug":"","syndication_thumb":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/22838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/users\/9743"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/comments?post=22838"}],"version-history":[{"count":0,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/22838\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/media?parent=22838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/categories?post=22838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/tags?post=22838"},{"taxonomy":"districts","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/districts?post=22838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}