Mortgage Points Calculator — Should You Buy Points?
Free mortgage points calculator. Calculate whether buying discount points is worth it. See your break-even point, monthly savings, and total savings...
Breakeven Analysis
5.2 Years to Breakeven
Breakeven holding period: 62 Months • Monthly savings: $49.05 • Upfront cost of points: $3,000
Points are profitable if you plan to hold the loan for more than 5.2 years!
Loan Details
Scenario Side-by-Side
No Points Loan
Interest Rate:6.5%
Monthly P&I:$1,896
Upfront Cost:$0
Reduced Rate Loan
Interest Rate:6.25%
Monthly P&I:$1,847
Upfront Cost:$3,000
Savings by Loan Holding Duration
| Hold Time | Total Savings | Net Savings (ROI) | Status |
|---|---|---|---|
| 2 Years | $1,177 | $-1,823 (-60.8%) | No |
| 3 Years | $1,766 | $-1,234 (-41.1%) | No |
| 5 Years | $2,943 | $-57 (-1.9%) | No |
| 7 Years | $4,120 | $1,120 (37.3%) | Worth It |
| 10 Years | $5,886 | $2,886 (96.2%) | Worth It |
| 15 Years | $8,829 | $5,829 (194.3%) | Worth It |
| 30 Years | $17,659 | $14,659 (488.6%) | Worth It |
Points breakeven model active