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.
1 Monthly payment per $1000 of mortgage (the example uses a 30-year loan of $1000 at an interest rate of 9.5 percent. 2  See the mortgage calculator. example $8.41. 3  Divide line 8 by line 9. $73.12. 4  Multiply line 10 by $1000.5  $73,120. 6  1 minus the percent down payment (the example is a 5 percent down payment; 1 - .05 = .95). Monthly payment per $1000 of mortgage (the example uses a 30-year loan of $1000 at an interest rate of 9.5 percent. 2  See the mortgage calculator. example $8.41. 3  Divide line 8 by line 9. $73.12. 4  Multiply line 10 by $1000. 5  $73,120. 6  1 minus the percent down payment (the example is a 5 percent down payment; 1 - .05 = .95).