Mortgage Points Calculator
Calculate mortgage discount point cost and break-even time from monthly payment savings.
Points Cost
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Break-Even Months
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Break-Even Years
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Net Savings After 5 Years
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Guide
How it works
Use this calculator to estimate whether mortgage points may be worth paying.
What this calculator does
The mortgage points calculator estimates point cost, break-even months, break-even years, and net savings after five years.
Mortgage Points Formula
Points Cost = Loan Amount x Points Percentage
Break-Even Months = Points Cost / Monthly Savings
Example calculation
If one point on a 300,000 mortgage costs 3,000 and saves 75 per month, the break-even point is 40 months.
When to use this calculator
- comparing rate buydown options
- evaluating refinance offers
- estimating break-even time
- deciding how long you need to keep the loan
FAQs
What is one mortgage point?
One point usually equals 1% of the loan amount.
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