Calculators

Make informed decisions by using one of our many calculators for savings, auto loans, mortgages, retirement planning, and personal finances.

Difference between points and no points


Mortgage Points Calculator to help you determine if it makes sense for you to buy down a mortgage using points and how many points make sense.
 

Mortgage Points Calculator

Should you buy points? Use the mortgage points calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. But each 'point' will cost you 1% of your mortgage balance. The mortgage points calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.


Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.