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Mortgage Points
Should you pay discount points to lower your rate? See your break-even, monthly savings and all scenarios compared.
Loan Details
Loan Amount $350,000
$
$50K$2M
Base Interest Rate (no points) 7.00%
%
2%12%
Rate Reduction per Point
% per pt
Number of Points to Buy 2 pts — $7,000
points
08 pts
Loan Term
How Long Will You Keep the Loan? 7 years
years
1 yr30 yr
Points Analysis
Break-Even Point
0 months
Months to recoup point cost
$0
Point Cost
0.00%
Rate with Points
$0
Monthly Savings
$0
Net by Stay Date
Scenarios Compared
No Points (base rate)
$0
With Points
$0
Net Benefit by Stay Date
$0
⚠️
Should You Buy Points?
Calculating...
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1 point = 1% of loan amount. On a $350,000 loan, 1 point costs $3,500. It typically lowers your rate by 0.25%. Buying points makes sense only if you keep the loan long enough to break even. If you refinance or sell before break-even, you lose money.
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Our mortgage specialists help you decide whether points are right for your situation.