Mortgage Points Calculator

Should you pay points on your mortgage?

Should You Pay for Mortgage Discount Points?

This calculator helps you get a general estimate. For a more personalized experience for your specific budget, try our Home Insight© Planner.


You’ll enter information about your loan – whether it’s fixed or variable, your purchase price, down payment, term and expected years on the home. 

You can also expand Less Points, More Points or Fees & Taxes to edit any of those fields, if you know the amounts. 

Based on your information, the calculator will tell you how much you could save by paying more or less points over the number of years you expect to stay in the home.

Points or discount points are fees paid upfront in your closing costs in order to get a lower interest rate. Points are typically expressed a percent of the loan amount, where 1 Point = 1% of the loan amount. For example, 1 point on a $100,000 loan is $1,000. The trade-off is that you would pay more in upfront costs but pay less interest over the stated period of the loan. Points are typically optional and whether or not they make sense is usually dependent on how long you plan to stay in your home. The longer the time you are sure you’ll stay in your home, the more points might make sense. This calculator will help you figure out if points make sense based on how long you plan to be in your home.

Mortgage rates can change daily. Check current mortgage rates.

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