Mortgage Points Calculator (11a)
Break-Even Period on Paying Points on Fixed-Rate Mortgages
Who This Calculator is For: Borrowers who want to know whether they
will save or lose money over a specified period by paying points in order
to reduce the interest rate on an FRM.
What This Calculator Does:This calculator shows the costs and benefits
of paying points to reduce the rate on an FRM, and the minimum period
they must hold an FRM before it makes sense to pay
additional points (the "break-even period").