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Pay Points Calculator

Determine if it makes sense to pay points and buy down your interest rate.

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Loan details
$
 
 

Less points
%
%
$
More points
%
%
$
It takes 11 months to pay the additional points
MONTHLY P&I PAYMENT COMPARSION
 
Loan Amount
$3000,000
Loan Term
30
Interest Rate
6.25%
Loan Amount
$3000,000
Loan Term
30
Interest Rate
4.25%
Payment difference $272
11 months is less than 84 months that you plan to stay

 

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DISCLAIMER: These calculators are for informational purposes only. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. The mortgage rate and payment results you see on these calculators are hypothetical and illustrative only and do not reflect your actual mortgage loan situation or needs. Mortgage rates change daily and actual payments will vary. Not all payment examples include amounts for taxes and insurance premiums and the actual payment obligation will be greater. To give you accurate and personalized information, we will need to do a detailed analysis of your financial situation. goodmortgage offers a wide variety of mortgage loan options. To get more accurate and personalized results, please proceed by selecting “Apply Now” or “Rate Quote.”