Mortgage Points Calculator
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Mortgage Points Calculator
Should you buy points? Use the mortgage points calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. The mortgage points calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Financial Calculators from
Dinkytown.net
**FIG_GRAPHTITLE** Stacked Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
Financial Calculators ©1998-2025 KJE Computer Solutions, Inc.
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Mortgage with points: | Monthly payment $0.00 |
Mortgage amount
Total balance for your mortgage. This calculation assumes that the cost of buying points is financed. The loan amount with points will be higher than the loan without points by the cost of the purchased points.
$0k
$200k
$500k
$1m
Term
Number of years for this mortgage. Most common terms are 15 years and 30 years.
1
10
19
40
Points
The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.
-25
-8
8
25
Points rate
Annual interest rate for this mortgage with discount points.
0%
8%
17%
25%
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Mortgage without points: | Monthly payment $0.00 |
Loan amount:
Interest rate
Annual interest rate for this mortgage without purchasing any discount points.
0%
3%
6%
10%
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Mortgage Points Calculator Inputs |
Years in home
The number of years you expect to live in this home or the number of years before you refinance your mortgage.
1
11
20
30
Report amortization:
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Totals after KJE1 years in your home. |
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Principal Balance by Year |
Definitions
Term
Number of years for this mortgage. Most common terms are 15 years and 30 years.
Mortgage amount
Total balance for your mortgage. This calculation assumes that the cost of buying points is financed. The loan amount with points will be higher than the loan without points by the cost of the purchased points.
Interest rate
Annual interest rate for this mortgage without purchasing any discount points.
Years in home
The number of years you expect to live in this home or the number of years before you refinance your mortgage.
Principal and interest
Monthly principal and interest (PI) for this mortgage.
Points rate
Annual interest rate for this mortgage with discount points.
Points
The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.