Interest Rate Buydown

Analyze the financial impact of paying discount points to reduce your mortgage rate.

See How Much You Can Save

Works best if you keep the loan for many years.
Your upfront cost might be tax deductible ¹.
This calculator is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Loan Details

Loan Amount

Original Interest Rate

Reduced Interest Rate

Buydown Cost

Loan Term

Your Monthly Payments

Both options are financially equivalent over the loan term. Adjust the loan details to generate a new comparison.

Current Payment

$2,661

New Payment

$2,661

Monthly Savings

Payment Details

Break-Even Analysis

Break-Even Time0 years 0 months

Break-Even (Months)0 months

How Much You'll Save Over Time

Total Interest Savings$0

Buy Down Costs-$0

Net Savings$0

Disclosures

¹ Interest may be tax deductible, consult a tax advisor for further information regarding the tax deductibility of interest and charges.

Additional Disclosures

Calculators display default values. Information and interactive calculators are for educational purposes only and are not intended to provide financial or tax advice. Consult a tax advisor for further information regarding the deductibility of interest and charges. Loan terms and mortgage interest rates will depend on your individual circumstances. Your monthly payment may include additional costs such as taxes, insurance, HOA fees, and other costs which are not included. Results do not indicate approval of financing, contact a Mortgage Loan Officer to discuss your specific details.