Should I Pay Points to Lower Interest Rate?
Input
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
$250,000.00
$247,500.00
Monthly Payment
$1,304.12
$1,229.85
Monthly Payment Savings
$74.27
Points Value
$2,500.00
Monthly Investment Savings
$10.42
True Monthly Savings
$63.85
Break Even
3 Yrs 5 Mts