Mortgage Points Calculator
Mortgage Points Calculator
Find out how many discount points make sense by comparing the upfront cost to your monthly savings.
$
%
0 pts4 pts
Points Cost
$4,000
1 point × $4,000/pt
New Interest Rate
6.3%
Down from 6.5% · saves 0.25%
Monthly Savings
$65
$2,528/mo → $2,463/mo
Break-Even
5 yrs 2 mo
After 62 months you come out ahead
How to Use This Calculator
Enter your loan amount, the par rate (no-points rate) versus the buydown rate, and the cost of each point to see how many months it takes to recoup your upfront cost. If you plan to stay in the home longer than the break-even period, buying points likely saves you money.