How to use the Mortgage Points Calculator
Enter the loan amount and points purchased and the result appears straight away. Everything runs in your browser, so nothing you type is uploaded.
How it works
Calculated from the inputs shown in this tool.
Examples
- 1 point on a 300,000 loan
Points cost: 3,000
- 2 points on a 450,000 loan
Points cost: 9,000
- 0.5 points on a 250,000 loan
Points cost: 1,250
Limitations and assumptions
Confirm assumptions, units and applicable local rules before relying on results. Detailed content, accessibility and edge-case review remains ongoing.
Frequently asked questions
What is a mortgage point?
A fee equal to 1% of the loan amount, paid at closing to lower the rate.
Are points worth it?
Divide the cost by the monthly saving to get a break-even in months, and compare it with how long you will keep the loan.
Are points tax deductible?
Sometimes. Ask a tax adviser.
Do origination fees count as points?
Lenders may also call them points, so ask what each buys.