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Mortgage Calculators level Calculate your savings using points through point calculator
Should I Pay Points for a Lower Rate?
Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point is equal to 1% of the total loan amount. It is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan. Use our calculator to figure out how much you can save by paying points.
 
Related terms
Loan Amount Amount of money borrowed
Term in Year(s) Month(s)
Interest Rate % of interest paid annually on loan
Discount Points Number of discount points
Points Value Reduction in interest rate due to points
Payment Frequency How you will pay the loan.


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