Compare Rate vs. Points
The answer usually depends on how long you plan to stay in the house. Generally, the more you pay up front (in points), the lower the long-term costs (interest rate) on your loan.
What will be the amount of your new loan?
What combinations would you like to compare?
Use up to 3 decimal places (2.125)
A
B
Rate
%
Rate
%
Points
Points
Term
30 years
20 years
15 years
10 years
Term
30 years
20 years
15 years
10 years
How long do you plan to stay in the house?
If you don't know, you can use an average stay of 7 years
yrs
Short Term Monthly Savings/Loss
How does your short-term financial picture change with this loan?
Loan A
Loan B
Savings/(Loss)
Monthly Payment
Long-Term; Time in this House
What does your financial picture look like in the long term?
Loan A
Loan B
Long-Term
Savings/Loss
Total Payments
+ Closing Costs
+ Payoff Amount
= Total Cost