Mortgage Points Calculator
Should you buy mortgage points to lower your rate? Calculate the upfront cost of points, monthly savings, break-even timeline, and total savings over the life of the loan. See whether buying points makes financial sense based on how long you plan to stay.
Inputs
$
%
%
1 point = 1% of loan amount
Results
Cost of Points
$7,000
Monthly Savings
$116
Break-Even
61 months
Net Savings (Stay Period)
$6,958
Monthly Payment Comparison
Net Savings Over Time
Year-by-Year Savings
| Year | Cumulative Savings | Net Savings |
|---|---|---|
| 1 | $1,395.85 | $-5,604.15 |
| 2 | $2,791.70 | $-4,208.30 |
| 3 | $4,187.54 | $-2,812.46 |
| 4 | $5,583.39 | $-1,416.61 |
| 5 | $6,979.24 | $-20.76 |
| 6 | $8,375.09 | $1,375.09 |
| 7 | $9,770.93 | $2,770.93 |
| 8 | $11,166.78 | $4,166.78 |
| 9 | $12,562.63 | $5,562.63 |
| 10 | $13,958.48 | $6,958.48 |
Last updated: Reviewed by the CalcMountain editorial team
Frequently Asked Questions
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