The reason is that what contractors might charge to remove the current flooring, especially in cases of tile and hardwood, can vary wildly. Installation costs can vary just as much, so we would recommend contacting 2-3 contractors and asking how much they charge per square foot for removal and installation of flooring.
Multiply the amount of your loan times the total number of points as a percentage. Using figures from the above steps, the three points bought with a $400,000 mortgage would cost $12,000: $400,000 x 0.03 = $12,000.
EXAMPLES: 1  If you want to calculate how much a mortgage payment will be on a $200,000 mortgage at 4.25% interest for 360 months, you would enter: 2  Now, let's say you would like to make extra monthly principal payments of $116.12 (to round the payment to $1100) for the next 10 years starting in June of 2015.3  You'll enter:XAMPLES: 1  If you want to calculate how much a mortgage payment will be on a $200,000 mortgage at 4.25% interest for 360 months, you would enter: 2  Now, let's say you would like to make extra monthly principal payments of $116.12 (to round the payment to $1100) for the next 10 years starting in June of 2015. 3  You'll enter: