Decision Tools

 

"Points" Calculator (Breakeven Analysis)

family

Use this calculator to help you determine whether or not you should consider paying the lender more money or "Points" upfront to reduce your interest rate, or whether you should consider choose a "No Closing Cost" option with lower upfront costs, but a higher interest rate and monthly payments.

Loan Information

Loan Amount: (In Dollars)
Length of Mortgage: years
Mortgage Type:
Scenario 1
Points: %
Additional amount
paid at closing:
Annual Interest Rate: %
Scenario 2
Points: %
Additional amount
paid at closing:
Annual Interest Rate: %
Calculate