Mortgage Points Calculator
Compare your payment with and without discount points, see breakeven.
$
Move the slider or type an exact number
%
Rate without buying points
pts
1 point costs about 1% of the loan amount
%/pt
Typical range 0.125 to 0.375 per point. Make this adjustable.
New interest rate
6.50%
Payment without points
$2,594 P&I
Payment with points
$2,529 P&I
Monthly savings
$65
Cost of points
$4,000
Breakeven
62 months (target date)
Estimates are for principal and interest only. Taxes, insurance, HOA, and MI are not included.