See what paying points to lower your rate costs upfront — and exactly how long until it pays for itself.
Buying points makes the most sense when you plan to keep the loan past the break-even point. If you may sell or refinance sooner, the upfront cost may not pay off.
Your break-even point is when your accumulated monthly savings equal the upfront cost of the points. After that, the savings are pure benefit.
| Cost of Points | — |
| Monthly Savings | — |
| Lifetime Net Savings | — |
This tool gives you a solid starting point — but your actual rate, point cost, and buydown options depend on credit score, loan type, and lender. We shop 50+ lenders for you.
We shop dozens of lenders simultaneously to compare point pricing and rate options for your profile.
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Paying discount points lowers your interest rate, but it costs money up front. Whether it pays off depends on how long you keep the loan. This calculator finds your break-even point so you can decide whether buying down your Florida mortgage rate makes sense for you.
If you'll stay long enough to recover the cost, points can save real money. If not, that cash may be better kept for your move.
Enter your loan, the points offered, and the rate reduction, and we show your monthly savings and how long until the upfront cost pays for itself.
Prepaid interest — each point typically costs 1% of the loan and lowers your rate by a set amount, reducing your payment.
When you'll keep the loan past the break-even point, so the monthly savings exceed the upfront cost. The calculator finds that point.
Sometimes — seller concessions can fund a rate buydown if negotiated. Ask your agent what's realistic.
General information for Florida home buyers and sellers, not legal, tax, or lending advice. Figures are planning estimates; your final numbers come from your lender, title company, and closing agent.
The numbers are the start — a local Divito Real Estate Group agent turns them into a plan across South Florida and the Treasure Coast.