Mortgage Points Calculator

Calculator Pro

Mortgage Points Calculator Definitions:

Original Interest Rate: The annual interest rate given BEFORE any discount points are applied.

Interest Rate With Discount Points: The annual interest rate given WITH discount points applied.

Discount Points: The number of discount points required to receive the "Interest Rate With Discount Points" percentage rate

Total Home Mortgage Amount: The total dollar amount borrowed for this loan, or principal amount.

Term of the Loan: Total number of years in which this mortgage will be paid.  Typically 15, 20 or 30 years.

Original Rate - Monthly Payment: This is your monthly mortgage payment rate BEFORE any discount points are applied.

With Discount Points - Monthly Payment: This is your monthly mortgage payment AFTER discount points are applied.

Monthly Payment Savings: This is the monthly dollar amount you will save on mortgage payments using discount points vs. no discount points.

Recoup time of cost of Discount Points: This is how long in months it will take to recoup the cost of the discount points paid initially.

*Please note this calculator is to be used as a point of reference only, calculations should be confirmed with your mortgage broker before signing any agreements.  Calculations do not include property taxes, mortgage insurance, or other costs associated with your mortgage.

View Rates for Today, August 30th
Mortgage Rates
Refinance Rates
MBS RECAP: Battle of Fed Speakers Results in Firmer Rate Hike Hints - Posted To: MBS CommentaryI was writing reprice alerts and chatting with the MBS Live community during the time that I'd normally be writing the Mid-Day commentary. By the time I wrote it, everythi...

Mortgage Rates Varied by Lender Thanks to Volatility - Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Depending on the lender, effective rates were either slightly higher or lower vs yesterday, with the average lender being just micr...

Realtor "Do's and Don'ts" - Posted To: Community CommentaryWe've previously explored the "Do's and Don'ts" for homebuyers, and uncovered some vital tips that can help or hinder the home buying process. In today's special edition...

MBA Forecasts Housing Demand Over Next 10 Years - Posted To: MND NewsWireWe have been reading for several years now about two trends that appear troubling for the housing industry - a declining rate of homeownership and a stalled out rate of househol...