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The simple calculation for breaking even on points is to take the cost of the points divided by the difference between monthly payments. So if points cost you $2,000 and saved $40 per month then it would take 50 months to break even (2000/40 = 50).
18 sty 2024 · Use the mortgage points calculator (or mortgage discount points calculator) to learn how much you could save on interest when buying points for a mortgage. In addition, you can check how long you need to wait to regain the mortgage points cost (the mortgage break-even point), so you can also apply our tool as a mortgage points break-even ...
3 mar 2022 · Mortgage Points Break Even Calculator to calculate when you can break even by buying discount points for your mortgage.
This mortgage points break-even calculator can help you determine how much you’ll save each month, when you’ll reach your break-even point and what your interest savings or costs will be for any point in the loan.
This mortgage points calculator can be used for comparison of loans that have no points against loans where you pay points. The calculator can also show you how much paying points will reduce your monthly mortgage payments.
Should You Buy Discount Points? Unsure if you should buy discount points on your mortgage? Use this calculator to compare the full cost of a loan with discount points to one without them.
The calculator below shows the break even point at which the saving on the monthly payment has equalled or surpassed the purchase cost of the points. A comparison of the payment schedules is shown in a table below the calculator.
