**Mortgage Calculator Definition of Terms**
**Total Mortgage Amount**

It is the amount that the borrower wishes to borrow. For example, 250000.

**Mortgage Term**

The number of years to amortized the mortgage loan. For example, 20, 25, or 30 years are common

**Original Interest Rate**

The percentage of an amount of money which is paid for its use for a specified time. For example, 5.25 quotes by lender

**Interest Rate with Discount Points**

It is the rate when you pay with discount points. Usually, it is suppose to be lower than original interest rate. For example, 5.25 quotes by lender

**Discount Points**

Points Required to Discount the mortgage loan's Interest Rate. For example, 5.25 quotes by lender