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Should I Pay Points to Lower my Mortgage Interest Rate?

Calculate how points might affect your monthly payments and how fast they will pay for themselves.

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Loan Info
Amount	($)
Interest	(%)
Interest with Points	(%)
Loan Length	(Yrs)
Additional Info
Points	(%)
Savings Rate	(%)
Show amortization table

Financial Analysis

	Without Points	With Points
Amount Financed	$200,000.00	$198,000.00
Monthly Payment	$1,247.74	$1,167.15
Monthly Payment Savings	$80.59
Points Value	$2,000.00
Monthly Investment Savings	$8.33
True Monthly Savings	$72.26
Break Even	2 Yrs 4 Mts

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.