Mortgage Points

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Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Mortgage Points Calculator
Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each 'point' will cost you 1% of your mortgage balance. This 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.