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Mortgage Points Calculator

Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.

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This calculator is intended for informational purposes only and is not intended to provide today’s actual rates or terms.
Your actual results may vary.

 

 

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Mortgages are offered and originated by RBS Citizens, N.A. (NMLS ID# 433960). Charter One and CCO Mortgage are divisions of RBS Citizens, N.A. Charter One Mortgage is a trade name. All loans are subject to individual approval.