![]() To find your break-even point, use the green triangle slider to adjust "years in home" to find the point you go from costs to savings.Based on this figure, the calculator will determine how much your will save or it will cost you to pay for points. "Years in home" is how long you expect to stay in the home.Under "Interest rate" enter the standard rate you would pay with no points.Under "Points rate" enter the reduced rate you will pay with discount points.Fractional points can also be entered manually, though the slider will only reflect whole numbers. Enter the number of points under "Discount points" – note that you can enter negative points as well, to reduce your closing costs in return for a higher rate."Term in years" is the length of the mortgage.Enter the total cost of the mortgage with points in the box marked "Mortgage amount." The calculator will determine the size of the loan without points for comparison. This mortgage points calculator assumes that you'll roll the cost of your points into the mortgage. ![]() Using the Mortgage Points Break-Even Calculator
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