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Mortgage Points Calculator (11a)

Break-Even Period on Paying Points on Fixed-Rate Mortgages

Who This Calculator is For: Borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an FRM.

What This Calculator Does:This calculator shows the costs and benefits of paying points to reduce the rate on an FRM, and the minimum period they must hold an FRM before it makes sense to pay additional points (the "break-even period").

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + )OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES

Enter Loan Information
Show Modal IconExpected Years in House, Cannot Exceed Term
Show Modal IconIs This Loan for the Purchase of a Property or a Refinance?
New Loan Amount (e.g. 100000)
New Loan Term, in Months (e.g. 360)
Show Modal IconIncome Tax Bracket ( e.g. 27 )
Show Modal IconRate of Interest on Savings (e.g. 3.5)
Enter Interest Rate and Points
Points Are
Low Int Rate / High Points
Interest Rate (e.g. 7.50)
Points (e.g. 1.5)
High Int Rate / Low Points
Interest Rate (e.g. 7.50)
Points (e.g. 1.5)
Calculator Design & Programming byDecision Aide Analytics Logo

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Mortgage Points Calculator: Break-Even Period on Paying Points - Mortgage Professor