Mortgage Points Calculator
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Understanding Mortgage Points
Key considerations for mortgage points:
- One point costs 1% of your loan amount
- Points typically reduce your rate by 0.25% each
- Break-even period is when savings equal the cost
- Consider how long you plan to keep the loan
- Points are usually tax-deductible
Note: This calculator provides estimates based on typical point costs and rate reductions. Actual terms may vary by lender. Consider consulting with a mortgage professional to discuss specific options for your situation.