What is one mortgage point?
One point generally equals one percent of the loan amount. The rate change attached to that cost varies by lender, market, program, and day.
Mortgage discount-points calculator
Compare the upfront cost of points with the monthly savings.
Estimate the dollar cost of mortgage points, payment difference, and simple break-even period before choosing a rate option.
Compare calculator
Points vs. rate
Measure the upfront point cost against monthly savings and break-even.
Your estimate
Point cost$4,000
Monthly savings$98
Simple break-even41 months
Want a human to check the assumptions and show the real loan options?
Review this scenarioWhen can points make sense?
Points may fit when the monthly savings and expected time in the loan justify the upfront cost. Compare the choice with keeping that cash or using it elsewhere in the transaction.