Mortgage Points Calculator

Should you buy mortgage points?

Discount points

Mortgage points, also known as "discount points," are fees paid to the lender at closing in return for a reduced interest rate. As a result of buying points, your monthly mortgage payment is reduced. Each "point" costs you 1% of your mortgage loan balance. So is buying points a good idea?

Use our mortgage points calculator below to figure out whether you should buy discount points. Enter your mortgage loan information, comparing it with and without points. This can help you decide if mortgage points actually will save you money in the long run through a reduced interest rate.

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