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Should I Pay Points to Lower Interest Rate?

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Use this Points Calculator to figure out your total monthly payment including principal, interest and payment savings with and without points.

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More Info: Should I Pay Points to Lower Interest ?

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Interest Rate with Points : (%)
Length : (Yrs)
Additional Information
Points : (%)
Your Savings Rate : (%)
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Financial Analysis
  Without Points With Points
Amount Financed : $250,000.00 $250,000.00
Monthly Principal and Interest : $1,304.12 $1,215.26
Monthly Payment Savings : $88.86
Points Value : $2,500.00
Monthly Investment Savings : $10.42
True Monthly Savings : $78.44
Break Even : 2 Years 8 Months


Disclaimer: Rebuz does not prequalify borrowers. We provide tools such as this calculator that may help you understand the implications of certian decisions you may make in the mortgage process. Remember, a lender decides on your mortgage application and loan amount, and lender calculations may vary from Rebuz calculations. Our calculators are solely intended to provide ballpark estimates, not final or binding loan amounts. You should also review your personal financial situation with a qualified financial advisor before making any decision on assuming substantial liabilities. By using these calculators you agree and understand that Rebuz makes no representations or warrantees as to their use.

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