Mortgage Resource Center

House with calculator icon on itMortgage Calculators

Mortgage Points Calculator

Should I pay points to lower the rate?

This calculator will help you determine whether paying additional fees in exchange for a lower interest rate is a good deal. The longer you expect to be in the home, the greater your advantage will be of paying points to lower your loan's interest rate. On the other hand, paying points may be disadvantageous if you intend to sell the home, refinance, or pay off the loan in the near future.


Show Definitions

This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, Inc. product terms. The information cannot be used by CrossCountry Mortgage, Inc. to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and CrossCountry Mortgage, Inc. is not responsible for the results or the accuracy of the information.