Mortgage calculator

Mortgage points break-even calculator

Calculate how long the monthly payment savings take to recover the upfront cost of discount points.

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How to use the result

One point normally costs 1% of the loan amount. The simple break-even month is points cost divided by monthly principal-and-interest savings. If you sell, refinance, or repay the loan before that month, the points have not recovered their upfront cost under this simple comparison.

Also compare lender credits, other origination charges, and the APR on the actual Loan Estimates. This calculator excludes investment returns, taxes, and changes to mortgage insurance.