Mortgage calculator
Should I Pay Points?
Enter the rate with and without points and the cost of the points. We'll show the monthly savings and the break-even month.
Your numbers
Costs $2,700
Paying points saves you
$1,049
Over 7 years, after the $2,700 up-front cost
Monthly savings
$45
$1,751 vs. $1,707
Break-even point
5 yrs
Points make sense when you’ll keep the loan well past the break-even month. If there’s a good chance you’ll move or refinance sooner, keep the cash. Sellers can sometimes pay points for you as part of the purchase negotiation.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment or financial advice. We cannot guarantee their accuracy or applicability to your circumstances. Results are estimates only and are not a loan offer or commitment to lend.
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