Mortgage Calculator - Paying Points

Mortgage Points come in two flavors, discount and origination. Discount points represent prepaid interest that the borrower pays the lender at closing. Borrowers can lower the interest rate by paying discount points.

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Less Points

More Points

Loan Amount

Term in Years

Interest Rate

Discount Points

Origination Fee

Closing Costs

State + Federal Tax Rate

Purchase Price of Potential Home

Yearly Property Taxes

Yearly Homeowner's Insurance

Years Loan is Paid Off or You Sell

Results
The loan with points will cost you $ less over the years.

	Less Points	More Points
Principal and Interest
Taxes and Insurance
Mortgage Insurance
Total Monthly Payment