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Should I Pay Points to Lower Interest Rate? Are Points on My Mortgage Worth It?
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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
(%)
Show amortization table
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
