Mortgage Points Break-Even
Lenders sell "discount points" to lower your interest rate. Use this calculator to find out exactly how many months you must keep the loan to break even on the upfront cost.
$
%
%
$
Often 1% of the loan amount per point, but check your loan estimate.
The Verdict
--
Months to Break Even
$0
Monthly Payment Savings
$0
Upfront Cash Cost
If you plan to sell the house or refinance the mortgage before this break-even point, do NOT buy points—you will lose money overall.