Mortgage Points Calculator
Determine if buying mortgage points to lower your interest rate is worth the upfront cost.
Mortgage Details
Points Configuration
Breakeven Point
4.9 Years
59 months to recoup cost
Points Are Worth It!
If you stay 7 years, you'll save $2,970 net
Rate Comparison
Without Points
7.500%
$2,447/mo
With 2 Points
7.000%
$2,329/mo
Cost & Savings Analysis
Points Cost$7,000
Tax Deduction Benefit+$1,540
Net Cost After Tax Benefit$5,460
Monthly Savings$119
Interest Saved Over Loan$42,729
Compare Point Options
| Points | Rate | Cost | Breakeven | Net (7yr) |
|---|---|---|---|---|
| 0 | 7.500% | $0 | - | $0 |
| 1 | 7.250% | $3,500 | 59 mo | +$1,509 |
| 2 | 7.000% | $7,000 | 59 mo | +$2,970 |
| 3 | 6.750% | $10,500 | 60 mo | +$4,381 |
| 4 | 6.500% | $14,000 | 60 mo | +$5,741 |