Mortgage Points Calculator
Find the upfront cost of mortgage discount points, where one point equals one percent of the loan amount.
- Free
- No sign-up
Enter the loan amount and points to see the cost.
Worked example
With these example inputs:
- Loan amount$300,000
- Points2%
Cost of points: $6,000
- Current payment$1,896
- New payment$1,847
- Break-even122.30
Frequently asked questions
What is a mortgage point?
One discount point costs 1% of the loan and lowers your interest rate. On a $300,000 loan, two points cost $6,000 upfront.
Are points worth buying?
Points pay off if you keep the loan long enough for the monthly savings to exceed the upfront cost. The longer you stay, the more worthwhile they tend to be.