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Should I Pay Points to Lower Interest Rate?

Input
Loan Info
Amount ($)
Interest (%)
Interest with Points (%)
Loan Length (Yrs)
Additional Info
Points (%)
Savings Rate (%)
Financial Analysis
  Without Points With Points
Amount Financed $200,000.00 $198,000.00
Monthly Payment $1,247.74 $1,167.15
Monthly Payment Savings $80.59
Points Value $2,000.00
Monthly Investment Savings $8.33
True Monthly Savings $72.26
Break Even 2 Yrs 4 Mts

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Average Rates
 
30 Year Fixed: 5.25%
15 Year Fixed: 4.88%
5 Year ARM: 4.99%

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