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Point calculator: Calculates your savings by using points

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.

Calculator
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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