Paying Points for a Lower Mortgage Interest Rate Calculator

Notes: (Don't enter commas) - (Ex. enter 2.5% as 2.5 without % sign) - Use the Tab key to move to input boxes
Enter amounts in the text boxes which have zeros. Don't enter amounts in blank text boxes which will calculate.

Loan Amount:
Term of Mortgage in Months:
Annual Percentage Rate of Interest (APR):
(Without Paying Points)
Annual Percentage Rate of Interest (APR):
(Assumed Lower APR - Paying Points)
Years you plan to own your home:
Discount Points Percentage:
Discount Points Amount:
Monthly Payment: (Without Paying Points)
Monthly Payment: (Paying Points)
Difference between Mortgage Payments:
Months to recover Points Cost:
Years to recover Points Cost:
Points Savings: (If you own your home
the above planned number of years.)