Calculators: Mortgage Points

Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. Each point will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points or use the money to increase your down payment.



Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.