What is Points and Fees Analyzer
The Points and Fees Analyzer is a mortgage cost assessment tool that helps borrowers analyze the total upfront expenses associated with securing a mortgage loan. This includes discount points (which can lower your interest rate), loan origination fees, and other lender or third-party costs like appraisal, underwriting, and title services.
This tool is especially useful when comparing multiple mortgage offers. It allows buyers and refinancers to determine whether paying points makes sense in the long run, or whether lower-fee options are more financially beneficial. Understanding points and fees is crucial because they directly affect your loan’s Annual Percentage Rate (APR) and your short-term cash flow at closing.