Mortgage Points Calculator - Paying Down Interest Rate

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