Loan Details
Rate Comparison
Break-Even Point
May be worth it
Payment Comparison
Without Points
With Points
Interest Rate
6.000%
5.750%
Monthly P&I
$1,919
$1,867
Monthly Savings
-
$51
Opportunity Cost Analysis
Cost of Points $3,200
If Invested Instead (@ 3%/yr) $8/month
Gross Monthly Savings $51
Less: Opportunity Cost -$8
True Monthly Savings $43
The money you spend on points could be earning interest. True savings accounts for this lost opportunity.
Long-Term Impact
Total Interest (Without Points) $370,682
Total Interest (With Points) $352,274
Lifetime Interest Savings $18,408
Net Savings (after points cost) $15,208
Mortgage Points Analysis Report
Generated:
Loan Information
| Loan Amount | $320,000 | Loan Term | 30 years |
| Rate Without Points | 6.000% | Rate With Points | 5.750% |
Break-Even Analysis
| Cost of Points | $3,200 |
| Monthly Savings | $51 |
| True Monthly Savings (after opportunity cost) | $43 |
| Break-Even Point | 6 Years 2 Months |
Lifetime Savings
| Interest Savings | $18,408 |
| Net Savings (after points cost) | $15,208 |