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Should I pay points to buy down my rate?
Discount points buy a lower rate with cash today. That only pays off if you keep the loan long enough for the smaller payment to repay what you handed over. Find the month it crosses over.
The loan
SHAREDUntil you sell or refinance — not the full term, unless you really will keep it that long.
With and without points
COMPAREPaid at closing.
Enter the loan, both rates and what the points cost to find your break-even.
All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.
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