Mortgage Points Calculator – Should You Buy Points?

Use this mortgage points calculator to determine whether buying points saves you money. Enter your loan amount, rates, and points cost — the tool shows your upfront cost, monthly savings, and break-even period. This mortgage points calculator helps you decide if paying points makes sense for your situation.

Mortgage Points Calculator
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Upfront Cost of Points —
Monthly Savings —
Total Interest Saved —
Break-Even Period —
Break-Even (years) —
⚠️ Illustrative only. Not financial advice. Please delete history timely, it may impact your browser performance.

History — Mortgage Points Calculator

# Time Loan Amount No-Points Rate (%) Points Rate (%) Break-Even (months) Interest Saved Action

Why Use This Mortgage Points Calculator

Buying mortgage points can lower your monthly payment but costs money upfront. This mortgage points calculator helps you:

  • 💰 Calculate Upfront Cost — see how much points will cost you.
  • 📊 See Monthly Savings — understand how much you save each month.
  • ⏱️ Find Break-Even — know when you recoup the cost.
  • 📈 Visualize Your Options — see the comparison charts.
  • 📜 Track Your History — save, review, and export past calculations.
  • 🔒 100% Private — all calculations run locally.

How Mortgage Points Are Calculated

Points Cost = Loan Amount × (Cost per Point / 100)

Monthly Payment (No Points): Calculated using the no-points rate.

Monthly Payment (With Points): Calculated using the points rate.

Monthly Savings = No-Points Payment − Points Payment

Break-Even = Points Cost ÷ Monthly Savings (in months)

Total Interest Saved = (No-Points Total Interest − Points Total Interest)

How to Use This Mortgage Points Calculator

  1. Select your account currency from the picker in the site header.
  2. Enter your loan amount.
  3. Enter the no-points interest rate.
  4. Enter the rate with points.
  5. Enter the cost per point as a percentage.
  6. Enter the loan term, property tax, and insurance.
  7. View your results instantly — see your upfront cost, monthly savings, and break-even period.

Frequently Asked Questions

What are mortgage points?

Mortgage points (or discount points) are upfront fees paid to reduce your interest rate. One point typically costs 1% of the loan amount and lowers the rate by about 0.25%.

Is buying mortgage points worth it?

Buying points is worth it if you plan to stay in the home long enough to break even on the upfront cost. This calculator shows you exactly how long that takes.

What is the break-even period?

The break-even period is the number of months it takes for your monthly savings to cover the upfront cost of the points.

Is my data stored anywhere?

No. All calculations run locally in your browser. History and presets are saved in your browser’s localStorage — nothing is sent to a server.