mortgage calculator

Mortgage Points Calculator

Mortgage Points Calculator to calculate the differences in mortgage payments between buying and not buying mortgage points. Should I buy mortgage points? Use the mortgage points calculator to find out how much you can save with points and how long it takes to break even.

Mortgage Points Break Even Calculator

Mortgage Amount
$
Interest Rate
Loan Terms
years
# of Points
Interest Rate with Points


Mortgage Points Calculator Results

Monthly Payment Without Points:
$1,432.25
Monthly Payment With Points:
$1,305.62
Payoff Date:
Nov, 2051
Discount points cost:
$9,000.00
Interest Savings:
$45,585.69
Total Savings:
$36,585.69
Break Even Point:
72 months
Break Even Year:
6.0 years

Amortization Schedule Without Points

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Dec, 2021 1 $1,000.00 $432.25 $1,432.25 $299,567.75
Jan, 2022 2 $998.56 $433.69 $1,432.25 $299,134.07
Feb, 2022 3 $997.11 $435.13 $1,432.25 $298,698.94
Mar, 2022 4 $995.66 $436.58 $1,432.25 $298,262.35
Apr, 2022 5 $994.21 $438.04 $1,432.25 $297,824.31
May, 2022 6 $992.75 $439.50 $1,432.25 $297,384.82
Jun, 2022 7 $991.28 $440.96 $1,432.25 $296,943.85
Jul, 2022 8 $989.81 $442.43 $1,432.25 $296,501.42
Aug, 2022 9 $988.34 $443.91 $1,432.25 $296,057.51
Sep, 2022 10 $986.86 $445.39 $1,432.25 $295,612.12
Oct, 2022 11 $985.37 $446.87 $1,432.25 $295,165.25
Nov, 2022 12 $983.88 $448.36 $1,432.25 $294,716.89
Dec, 2022 13 $982.39 $449.86 $1,432.25 $294,267.03
Jan, 2023 14 $980.89 $451.36 $1,432.25 $293,815.68
Feb, 2023 15 $979.39 $452.86 $1,432.25 $293,362.82
Mar, 2023 16 $977.88 $454.37 $1,432.25 $292,908.45
Apr, 2023 17 $976.36 $455.88 $1,432.25 $292,452.56
May, 2023 18 $974.84 $457.40 $1,432.25 $291,995.16
Jun, 2023 19 $973.32 $458.93 $1,432.25 $291,536.23
Jul, 2023 20 $971.79 $460.46 $1,432.25 $291,075.77
Aug, 2023 21 $970.25 $461.99 $1,432.25 $290,613.78
Sep, 2023 22 $968.71 $463.53 $1,432.25 $290,150.25
Oct, 2023 23 $967.17 $465.08 $1,432.25 $289,685.17
Nov, 2023 24 $965.62 $466.63 $1,432.25 $289,218.54
Dec, 2023 25 $964.06 $468.18 $1,432.25 $288,750.36
Jan, 2024 26 $962.50 $469.74 $1,432.25 $288,280.61
Feb, 2024 27 $960.94 $471.31 $1,432.25 $287,809.30
Mar, 2024 28 $959.36 $472.88 $1,432.25 $287,336.42
Apr, 2024 29 $957.79 $474.46 $1,432.25 $286,861.96
May, 2024 30 $956.21 $476.04 $1,432.25 $286,385.92
Jun, 2024 31 $954.62 $477.63 $1,432.25 $285,908.30
Jul, 2024 32 $953.03 $479.22 $1,432.25 $285,429.08
Aug, 2024 33 $951.43 $480.82 $1,432.25 $284,948.26
Sep, 2024 34 $949.83 $482.42 $1,432.25 $284,465.84
Oct, 2024 35 $948.22 $484.03 $1,432.25 $283,981.82
Nov, 2024 36 $946.61 $485.64 $1,432.25 $283,496.18
Dec, 2024 37 $944.99 $487.26 $1,432.25 $283,008.92
Jan, 2025 38 $943.36 $488.88 $1,432.25 $282,520.04
Feb, 2025 39 $941.73 $490.51 $1,432.25 $282,029.52
Mar, 2025 40 $940.10 $492.15 $1,432.25 $281,537.38
Apr, 2025 41 $938.46 $493.79 $1,432.25 $281,043.59
May, 2025 42 $936.81 $495.43 $1,432.25 $280,548.15
Jun, 2025 43 $935.16 $497.09 $1,432.25 $280,051.07
Jul, 2025 44 $933.50 $498.74 $1,432.25 $279,552.33
Aug, 2025 45 $931.84 $500.40 $1,432.25 $279,051.92
Sep, 2025 46 $930.17 $502.07 $1,432.25 $278,549.85
Oct, 2025 47 $928.50 $503.75 $1,432.25 $278,046.10
Nov, 2025 48 $926.82 $505.43 $1,432.25 $277,540.68
Dec, 2025 49 $925.14 $507.11 $1,432.25 $277,033.57
Jan, 2026 50 $923.45 $508.80 $1,432.25 $276,524.77
Feb, 2026 51 $921.75 $510.50 $1,432.25 $276,014.27
Mar, 2026 52 $920.05 $512.20 $1,432.25 $275,502.07
Apr, 2026 53 $918.34 $513.91 $1,432.25 $274,988.16
May, 2026 54 $916.63 $515.62 $1,432.25 $274,472.55
Jun, 2026 55 $914.91 $517.34 $1,432.25 $273,955.21
Jul, 2026 56 $913.18 $519.06 $1,432.25 $273,436.15
Aug, 2026 57 $911.45 $520.79 $1,432.25 $272,915.35
Sep, 2026 58 $909.72 $522.53 $1,432.25 $272,392.83
Oct, 2026 59 $907.98 $524.27 $1,432.25 $271,868.56
Nov, 2026 60 $906.23 $526.02 $1,432.25 $271,342.54
Dec, 2026 61 $904.48 $527.77 $1,432.25 $270,814.77
Jan, 2027 62 $902.72 $529.53 $1,432.25 $270,285.24
Feb, 2027 63 $900.95 $531.30 $1,432.25 $269,753.94
Mar, 2027 64 $899.18 $533.07 $1,432.25 $269,220.88
Apr, 2027 65 $897.40 $534.84 $1,432.25 $268,686.03
May, 2027 66 $895.62 $536.63 $1,432.25 $268,149.41
Jun, 2027 67 $893.83 $538.41 $1,432.25 $267,610.99
Jul, 2027 68 $892.04 $540.21 $1,432.25 $267,070.79
Aug, 2027 69 $890.24 $542.01 $1,432.25 $266,528.78
Sep, 2027 70 $888.43 $543.82 $1,432.25 $265,984.96
Oct, 2027 71 $886.62 $545.63 $1,432.25 $265,439.33
Nov, 2027 72 $884.80 $547.45 $1,432.25 $264,891.88
Dec, 2027 73 $882.97 $549.27 $1,432.25 $264,342.61
Jan, 2028 74 $881.14 $551.10 $1,432.25 $263,791.50
Feb, 2028 75 $879.31 $552.94 $1,432.25 $263,238.56
Mar, 2028 76 $877.46 $554.78 $1,432.25 $262,683.78
Apr, 2028 77 $875.61 $556.63 $1,432.25 $262,127.15
May, 2028 78 $873.76 $558.49 $1,432.25 $261,568.66
Jun, 2028 79 $871.90 $560.35 $1,432.25 $261,008.31
Jul, 2028 80 $870.03 $562.22 $1,432.25 $260,446.09
Aug, 2028 81 $868.15 $564.09 $1,432.25 $259,882.00
Sep, 2028 82 $866.27 $565.97 $1,432.25 $259,316.02
Oct, 2028 83 $864.39 $567.86 $1,432.25 $258,748.16
Nov, 2028 84 $862.49 $569.75 $1,432.25 $258,178.41
Dec, 2028 85 $860.59 $571.65 $1,432.25 $257,606.76
Jan, 2029 86 $858.69 $573.56 $1,432.25 $257,033.20
Feb, 2029 87 $856.78 $575.47 $1,432.25 $256,457.74
Mar, 2029 88 $854.86 $577.39 $1,432.25 $255,880.35
Apr, 2029 89 $852.93 $579.31 $1,432.25 $255,301.04
May, 2029 90 $851.00 $581.24 $1,432.25 $254,719.80
Jun, 2029 91 $849.07 $583.18 $1,432.25 $254,136.62
Jul, 2029 92 $847.12 $585.12 $1,432.25 $253,551.49
Aug, 2029 93 $845.17 $587.07 $1,432.25 $252,964.42
Sep, 2029 94 $843.21 $589.03 $1,432.25 $252,375.39
Oct, 2029 95 $841.25 $590.99 $1,432.25 $251,784.39
Nov, 2029 96 $839.28 $592.96 $1,432.25 $251,191.43
Dec, 2029 97 $837.30 $594.94 $1,432.25 $250,596.49
Jan, 2030 98 $835.32 $596.92 $1,432.25 $249,999.56
Feb, 2030 99 $833.33 $598.91 $1,432.25 $249,400.65
Mar, 2030 100 $831.34 $600.91 $1,432.25 $248,799.74
Apr, 2030 101 $829.33 $602.91 $1,432.25 $248,196.82
May, 2030 102 $827.32 $604.92 $1,432.25 $247,591.90
Jun, 2030 103 $825.31 $606.94 $1,432.25 $246,984.96
Jul, 2030 104 $823.28 $608.96 $1,432.25 $246,376.00
Aug, 2030 105 $821.25 $610.99 $1,432.25 $245,765.01
Sep, 2030 106 $819.22 $613.03 $1,432.25 $245,151.98
Oct, 2030 107 $817.17 $615.07 $1,432.25 $244,536.90
Nov, 2030 108 $815.12 $617.12 $1,432.25 $243,919.78
Dec, 2030 109 $813.07 $619.18 $1,432.25 $243,300.60
Jan, 2031 110 $811.00 $621.24 $1,432.25 $242,679.36
Feb, 2031 111 $808.93 $623.31 $1,432.25 $242,056.04
Mar, 2031 112 $806.85 $625.39 $1,432.25 $241,430.65
Apr, 2031 113 $804.77 $627.48 $1,432.25 $240,803.17
May, 2031 114 $802.68 $629.57 $1,432.25 $240,173.60
Jun, 2031 115 $800.58 $631.67 $1,432.25 $239,541.94
Jul, 2031 116 $798.47 $633.77 $1,432.25 $238,908.16
Aug, 2031 117 $796.36 $635.89 $1,432.25 $238,272.28
Sep, 2031 118 $794.24 $638.00 $1,432.25 $237,634.27
Oct, 2031 119 $792.11 $640.13 $1,432.25 $236,994.14
Nov, 2031 120 $789.98 $642.27 $1,432.25 $236,351.88
Dec, 2031 121 $787.84 $644.41 $1,432.25 $235,707.47
Jan, 2032 122 $785.69 $646.55 $1,432.25 $235,060.92
Feb, 2032 123 $783.54 $648.71 $1,432.25 $234,412.21
Mar, 2032 124 $781.37 $650.87 $1,432.25 $233,761.34
Apr, 2032 125 $779.20 $653.04 $1,432.25 $233,108.29
May, 2032 126 $777.03 $655.22 $1,432.25 $232,453.08
Jun, 2032 127 $774.84 $657.40 $1,432.25 $231,795.67
Jul, 2032 128 $772.65 $659.59 $1,432.25 $231,136.08
Aug, 2032 129 $770.45 $661.79 $1,432.25 $230,474.29
Sep, 2032 130 $768.25 $664.00 $1,432.25 $229,810.29
Oct, 2032 131 $766.03 $666.21 $1,432.25 $229,144.08
Nov, 2032 132 $763.81 $668.43 $1,432.25 $228,475.65
Dec, 2032 133 $761.59 $670.66 $1,432.25 $227,804.99
Jan, 2033 134 $759.35 $672.90 $1,432.25 $227,132.09
Feb, 2033 135 $757.11 $675.14 $1,432.25 $226,456.95
Mar, 2033 136 $754.86 $677.39 $1,432.25 $225,779.56
Apr, 2033 137 $752.60 $679.65 $1,432.25 $225,099.91
May, 2033 138 $750.33 $681.91 $1,432.25 $224,418.00
Jun, 2033 139 $748.06 $684.19 $1,432.25 $223,733.81
Jul, 2033 140 $745.78 $686.47 $1,432.25 $223,047.35
Aug, 2033 141 $743.49 $688.75 $1,432.25 $222,358.59
Sep, 2033 142 $741.20 $691.05 $1,432.25 $221,667.54
Oct, 2033 143 $738.89 $693.35 $1,432.25 $220,974.19
Nov, 2033 144 $736.58 $695.67 $1,432.25 $220,278.52
Dec, 2033 145 $734.26 $697.98 $1,432.25 $219,580.54
Jan, 2034 146 $731.94 $700.31 $1,432.25 $218,880.23
Feb, 2034 147 $729.60 $702.65 $1,432.25 $218,177.58
Mar, 2034 148 $727.26 $704.99 $1,432.25 $217,472.60
Apr, 2034 149 $724.91 $707.34 $1,432.25 $216,765.26
May, 2034 150 $722.55 $709.70 $1,432.25 $216,055.56
Jun, 2034 151 $720.19 $712.06 $1,432.25 $215,343.50
Jul, 2034 152 $717.81 $714.43 $1,432.25 $214,629.07
Aug, 2034 153 $715.43 $716.82 $1,432.25 $213,912.25
Sep, 2034 154 $713.04 $719.21 $1,432.25 $213,193.05
Oct, 2034 155 $710.64 $721.60 $1,432.25 $212,471.45
Nov, 2034 156 $708.24 $724.01 $1,432.25 $211,747.44
Dec, 2034 157 $705.82 $726.42 $1,432.25 $211,021.02
Jan, 2035 158 $703.40 $728.84 $1,432.25 $210,292.17
Feb, 2035 159 $700.97 $731.27 $1,432.25 $209,560.90
Mar, 2035 160 $698.54 $733.71 $1,432.25 $208,827.19
Apr, 2035 161 $696.09 $736.16 $1,432.25 $208,091.04
May, 2035 162 $693.64 $738.61 $1,432.25 $207,352.43
Jun, 2035 163 $691.17 $741.07 $1,432.25 $206,611.36
Jul, 2035 164 $688.70 $743.54 $1,432.25 $205,867.82
Aug, 2035 165 $686.23 $746.02 $1,432.25 $205,121.80
Sep, 2035 166 $683.74 $748.51 $1,432.25 $204,373.29
Oct, 2035 167 $681.24 $751.00 $1,432.25 $203,622.29
Nov, 2035 168 $678.74 $753.50 $1,432.25 $202,868.78
Dec, 2035 169 $676.23 $756.02 $1,432.25 $202,112.77
Jan, 2036 170 $673.71 $758.54 $1,432.25 $201,354.23
Feb, 2036 171 $671.18 $761.07 $1,432.25 $200,593.17
Mar, 2036 172 $668.64 $763.60 $1,432.25 $199,829.56
Apr, 2036 173 $666.10 $766.15 $1,432.25 $199,063.42
May, 2036 174 $663.54 $768.70 $1,432.25 $198,294.71
Jun, 2036 175 $660.98 $771.26 $1,432.25 $197,523.45
Jul, 2036 176 $658.41 $773.83 $1,432.25 $196,749.62
Aug, 2036 177 $655.83 $776.41 $1,432.25 $195,973.20
Sep, 2036 178 $653.24 $779.00 $1,432.25 $195,194.20
Oct, 2036 179 $650.65 $781.60 $1,432.25 $194,412.60
Nov, 2036 180 $648.04 $784.20 $1,432.25 $193,628.40
Dec, 2036 181 $645.43 $786.82 $1,432.25 $192,841.58
Jan, 2037 182 $642.81 $789.44 $1,432.25 $192,052.14
Feb, 2037 183 $640.17 $792.07 $1,432.25 $191,260.07
Mar, 2037 184 $637.53 $794.71 $1,432.25 $190,465.36
Apr, 2037 185 $634.88 $797.36 $1,432.25 $189,667.99
May, 2037 186 $632.23 $800.02 $1,432.25 $188,867.98
Jun, 2037 187 $629.56 $802.69 $1,432.25 $188,065.29
Jul, 2037 188 $626.88 $805.36 $1,432.25 $187,259.93
Aug, 2037 189 $624.20 $808.05 $1,432.25 $186,451.88
Sep, 2037 190 $621.51 $810.74 $1,432.25 $185,641.14
Oct, 2037 191 $618.80 $813.44 $1,432.25 $184,827.70
Nov, 2037 192 $616.09 $816.15 $1,432.25 $184,011.55
Dec, 2037 193 $613.37 $818.87 $1,432.25 $183,192.67
Jan, 2038 194 $610.64 $821.60 $1,432.25 $182,371.07
Feb, 2038 195 $607.90 $824.34 $1,432.25 $181,546.73
Mar, 2038 196 $605.16 $827.09 $1,432.25 $180,719.64
Apr, 2038 197 $602.40 $829.85 $1,432.25 $179,889.79
May, 2038 198 $599.63 $832.61 $1,432.25 $179,057.18
Jun, 2038 199 $596.86 $835.39 $1,432.25 $178,221.79
Jul, 2038 200 $594.07 $838.17 $1,432.25 $177,383.61
Aug, 2038 201 $591.28 $840.97 $1,432.25 $176,542.65
Sep, 2038 202 $588.48 $843.77 $1,432.25 $175,698.88
Oct, 2038 203 $585.66 $846.58 $1,432.25 $174,852.29
Nov, 2038 204 $582.84 $849.40 $1,432.25 $174,002.89
Dec, 2038 205 $580.01 $852.24 $1,432.25 $173,150.65
Jan, 2039 206 $577.17 $855.08 $1,432.25 $172,295.58
Feb, 2039 207 $574.32 $857.93 $1,432.25 $171,437.65
Mar, 2039 208 $571.46 $860.79 $1,432.25 $170,576.86
Apr, 2039 209 $568.59 $863.66 $1,432.25 $169,713.20
May, 2039 210 $565.71 $866.54 $1,432.25 $168,846.67
Jun, 2039 211 $562.82 $869.42 $1,432.25 $167,977.25
Jul, 2039 212 $559.92 $872.32 $1,432.25 $167,104.92
Aug, 2039 213 $557.02 $875.23 $1,432.25 $166,229.69
Sep, 2039 214 $554.10 $878.15 $1,432.25 $165,351.55
Oct, 2039 215 $551.17 $881.07 $1,432.25 $164,470.47
Nov, 2039 216 $548.23 $884.01 $1,432.25 $163,586.46
Dec, 2039 217 $545.29 $886.96 $1,432.25 $162,699.50
Jan, 2040 218 $542.33 $889.91 $1,432.25 $161,809.59
Feb, 2040 219 $539.37 $892.88 $1,432.25 $160,916.71
Mar, 2040 220 $536.39 $895.86 $1,432.25 $160,020.85
Apr, 2040 221 $533.40 $898.84 $1,432.25 $159,122.01
May, 2040 222 $530.41 $901.84 $1,432.25 $158,220.17
Jun, 2040 223 $527.40 $904.85 $1,432.25 $157,315.33
Jul, 2040 224 $524.38 $907.86 $1,432.25 $156,407.46
Aug, 2040 225 $521.36 $910.89 $1,432.25 $155,496.58
Sep, 2040 226 $518.32 $913.92 $1,432.25 $154,582.65
Oct, 2040 227 $515.28 $916.97 $1,432.25 $153,665.68
Nov, 2040 228 $512.22 $920.03 $1,432.25 $152,745.66
Dec, 2040 229 $509.15 $923.09 $1,432.25 $151,822.56
Jan, 2041 230 $506.08 $926.17 $1,432.25 $150,896.39
Feb, 2041 231 $502.99 $929.26 $1,432.25 $149,967.13
Mar, 2041 232 $499.89 $932.36 $1,432.25 $149,034.78
Apr, 2041 233 $496.78 $935.46 $1,432.25 $148,099.31
May, 2041 234 $493.66 $938.58 $1,432.25 $147,160.73
Jun, 2041 235 $490.54 $941.71 $1,432.25 $146,219.02
Jul, 2041 236 $487.40 $944.85 $1,432.25 $145,274.17
Aug, 2041 237 $484.25 $948.00 $1,432.25 $144,326.17
Sep, 2041 238 $481.09 $951.16 $1,432.25 $143,375.02
Oct, 2041 239 $477.92 $954.33 $1,432.25 $142,420.69
Nov, 2041 240 $474.74 $957.51 $1,432.25 $141,463.18
Dec, 2041 241 $471.54 $960.70 $1,432.25 $140,502.47
Jan, 2042 242 $468.34 $963.90 $1,432.25 $139,538.57
Feb, 2042 243 $465.13 $967.12 $1,432.25 $138,571.45
Mar, 2042 244 $461.90 $970.34 $1,432.25 $137,601.11
Apr, 2042 245 $458.67 $973.58 $1,432.25 $136,627.54
May, 2042 246 $455.43 $976.82 $1,432.25 $135,650.72
Jun, 2042 247 $452.17 $980.08 $1,432.25 $134,670.64
Jul, 2042 248 $448.90 $983.34 $1,432.25 $133,687.30
Aug, 2042 249 $445.62 $986.62 $1,432.25 $132,700.67
Sep, 2042 250 $442.34 $989.91 $1,432.25 $131,710.76
Oct, 2042 251 $439.04 $993.21 $1,432.25 $130,717.55
Nov, 2042 252 $435.73 $996.52 $1,432.25 $129,721.03
Dec, 2042 253 $432.40 $999.84 $1,432.25 $128,721.19
Jan, 2043 254 $429.07 $1,003.18 $1,432.25 $127,718.01
Feb, 2043 255 $425.73 $1,006.52 $1,432.25 $126,711.50
Mar, 2043 256 $422.37 $1,009.87 $1,432.25 $125,701.62
Apr, 2043 257 $419.01 $1,013.24 $1,432.25 $124,688.38
May, 2043 258 $415.63 $1,016.62 $1,432.25 $123,671.76
Jun, 2043 259 $412.24 $1,020.01 $1,432.25 $122,651.76
Jul, 2043 260 $408.84 $1,023.41 $1,432.25 $121,628.35
Aug, 2043 261 $405.43 $1,026.82 $1,432.25 $120,601.53
Sep, 2043 262 $402.01 $1,030.24 $1,432.25 $119,571.29
Oct, 2043 263 $398.57 $1,033.67 $1,432.25 $118,537.62
Nov, 2043 264 $395.13 $1,037.12 $1,432.25 $117,500.50
Dec, 2043 265 $391.67 $1,040.58 $1,432.25 $116,459.92
Jan, 2044 266 $388.20 $1,044.05 $1,432.25 $115,415.87
Feb, 2044 267 $384.72 $1,047.53 $1,432.25 $114,368.35
Mar, 2044 268 $381.23 $1,051.02 $1,432.25 $113,317.33
Apr, 2044 269 $377.72 $1,054.52 $1,432.25 $112,262.81
May, 2044 270 $374.21 $1,058.04 $1,432.25 $111,204.77
Jun, 2044 271 $370.68 $1,061.56 $1,432.25 $110,143.21
Jul, 2044 272 $367.14 $1,065.10 $1,432.25 $109,078.10
Aug, 2044 273 $363.59 $1,068.65 $1,432.25 $108,009.45
Sep, 2044 274 $360.03 $1,072.21 $1,432.25 $106,937.24
Oct, 2044 275 $356.46 $1,075.79 $1,432.25 $105,861.45
Nov, 2044 276 $352.87 $1,079.37 $1,432.25 $104,782.07
Dec, 2044 277 $349.27 $1,082.97 $1,432.25 $103,699.10
Jan, 2045 278 $345.66 $1,086.58 $1,432.25 $102,612.52
Feb, 2045 279 $342.04 $1,090.20 $1,432.25 $101,522.32
Mar, 2045 280 $338.41 $1,093.84 $1,432.25 $100,428.48
Apr, 2045 281 $334.76 $1,097.48 $1,432.25 $99,330.99
May, 2045 282 $331.10 $1,101.14 $1,432.25 $98,229.85
Jun, 2045 283 $327.43 $1,104.81 $1,432.25 $97,125.04
Jul, 2045 284 $323.75 $1,108.50 $1,432.25 $96,016.54
Aug, 2045 285 $320.06 $1,112.19 $1,432.25 $94,904.35
Sep, 2045 286 $316.35 $1,115.90 $1,432.25 $93,788.45
Oct, 2045 287 $312.63 $1,119.62 $1,432.25 $92,668.84
Nov, 2045 288 $308.90 $1,123.35 $1,432.25 $91,545.49
Dec, 2045 289 $305.15 $1,127.09 $1,432.25 $90,418.39
Jan, 2046 290 $301.39 $1,130.85 $1,432.25 $89,287.54
Feb, 2046 291 $297.63 $1,134.62 $1,432.25 $88,152.92
Mar, 2046 292 $293.84 $1,138.40 $1,432.25 $87,014.52
Apr, 2046 293 $290.05 $1,142.20 $1,432.25 $85,872.32
May, 2046 294 $286.24 $1,146.00 $1,432.25 $84,726.31
Jun, 2046 295 $282.42 $1,149.82 $1,432.25 $83,576.49
Jul, 2046 296 $278.59 $1,153.66 $1,432.25 $82,422.83
Aug, 2046 297 $274.74 $1,157.50 $1,432.25 $81,265.33
Sep, 2046 298 $270.88 $1,161.36 $1,432.25 $80,103.97
Oct, 2046 299 $267.01 $1,165.23 $1,432.25 $78,938.73
Nov, 2046 300 $263.13 $1,169.12 $1,432.25 $77,769.62
Dec, 2046 301 $259.23 $1,173.01 $1,432.25 $76,596.60
Jan, 2047 302 $255.32 $1,176.92 $1,432.25 $75,419.68
Feb, 2047 303 $251.40 $1,180.85 $1,432.25 $74,238.83
Mar, 2047 304 $247.46 $1,184.78 $1,432.25 $73,054.05
Apr, 2047 305 $243.51 $1,188.73 $1,432.25 $71,865.32
May, 2047 306 $239.55 $1,192.69 $1,432.25 $70,672.62
Jun, 2047 307 $235.58 $1,196.67 $1,432.25 $69,475.95
Jul, 2047 308 $231.59 $1,200.66 $1,432.25 $68,275.29
Aug, 2047 309 $227.58 $1,204.66 $1,432.25 $67,070.63
Sep, 2047 310 $223.57 $1,208.68 $1,432.25 $65,861.95
Oct, 2047 311 $219.54 $1,212.71 $1,432.25 $64,649.25
Nov, 2047 312 $215.50 $1,216.75 $1,432.25 $63,432.50
Dec, 2047 313 $211.44 $1,220.80 $1,432.25 $62,211.70
Jan, 2048 314 $207.37 $1,224.87 $1,432.25 $60,986.82
Feb, 2048 315 $203.29 $1,228.96 $1,432.25 $59,757.87
Mar, 2048 316 $199.19 $1,233.05 $1,432.25 $58,524.81
Apr, 2048 317 $195.08 $1,237.16 $1,432.25 $57,287.65
May, 2048 318 $190.96 $1,241.29 $1,432.25 $56,046.36
Jun, 2048 319 $186.82 $1,245.42 $1,432.25 $54,800.94
Jul, 2048 320 $182.67 $1,249.58 $1,432.25 $53,551.36
Aug, 2048 321 $178.50 $1,253.74 $1,432.25 $52,297.62
Sep, 2048 322 $174.33 $1,257.92 $1,432.25 $51,039.70
Oct, 2048 323 $170.13 $1,262.11 $1,432.25 $49,777.59
Nov, 2048 324 $165.93 $1,266.32 $1,432.25 $48,511.27
Dec, 2048 325 $161.70 $1,270.54 $1,432.25 $47,240.72
Jan, 2049 326 $157.47 $1,274.78 $1,432.25 $45,965.95
Feb, 2049 327 $153.22 $1,279.03 $1,432.25 $44,686.92
Mar, 2049 328 $148.96 $1,283.29 $1,432.25 $43,403.63
Apr, 2049 329 $144.68 $1,287.57 $1,432.25 $42,116.06
May, 2049 330 $140.39 $1,291.86 $1,432.25 $40,824.21
Jun, 2049 331 $136.08 $1,296.17 $1,432.25 $39,528.04
Jul, 2049 332 $131.76 $1,300.49 $1,432.25 $38,227.55
Aug, 2049 333 $127.43 $1,304.82 $1,432.25 $36,922.73
Sep, 2049 334 $123.08 $1,309.17 $1,432.25 $35,613.56
Oct, 2049 335 $118.71 $1,313.53 $1,432.25 $34,300.03
Nov, 2049 336 $114.33 $1,317.91 $1,432.25 $32,982.12
Dec, 2049 337 $109.94 $1,322.31 $1,432.25 $31,659.81
Jan, 2050 338 $105.53 $1,326.71 $1,432.25 $30,333.10
Feb, 2050 339 $101.11 $1,331.14 $1,432.25 $29,001.96
Mar, 2050 340 $96.67 $1,335.57 $1,432.25 $27,666.39
Apr, 2050 341 $92.22 $1,340.02 $1,432.25 $26,326.37
May, 2050 342 $87.75 $1,344.49 $1,432.25 $24,981.87
Jun, 2050 343 $83.27 $1,348.97 $1,432.25 $23,632.90
Jul, 2050 344 $78.78 $1,353.47 $1,432.25 $22,279.43
Aug, 2050 345 $74.26 $1,357.98 $1,432.25 $20,921.45
Sep, 2050 346 $69.74 $1,362.51 $1,432.25 $19,558.94
Oct, 2050 347 $65.20 $1,367.05 $1,432.25 $18,191.89
Nov, 2050 348 $60.64 $1,371.61 $1,432.25 $16,820.29
Dec, 2050 349 $56.07 $1,376.18 $1,432.25 $15,444.11
Jan, 2051 350 $51.48 $1,380.77 $1,432.25 $14,063.34
Feb, 2051 351 $46.88 $1,385.37 $1,432.25 $12,677.98
Mar, 2051 352 $42.26 $1,389.99 $1,432.25 $11,287.99
Apr, 2051 353 $37.63 $1,394.62 $1,432.25 $9,893.37
May, 2051 354 $32.98 $1,399.27 $1,432.25 $8,494.10
Jun, 2051 355 $28.31 $1,403.93 $1,432.25 $7,090.17
Jul, 2051 356 $23.63 $1,408.61 $1,432.25 $5,681.56
Aug, 2051 357 $18.94 $1,413.31 $1,432.25 $4,268.25
Sep, 2051 358 $14.23 $1,418.02 $1,432.25 $2,850.23
Oct, 2051 359 $9.50 $1,422.75 $1,432.25 $1,427.49
Nov, 2051 360 $4.76 $1,427.49 $1,432.25 $0.00

Amortization Schedule With Points

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Dec, 2021 1 $812.50 $493.12 $1,305.62 $299,506.88
Jan, 2022 2 $811.16 $494.45 $1,305.62 $299,012.43
Feb, 2022 3 $809.83 $495.79 $1,305.62 $298,516.63
Mar, 2022 4 $808.48 $497.14 $1,305.62 $298,019.50
Apr, 2022 5 $807.14 $498.48 $1,305.62 $297,521.01
May, 2022 6 $805.79 $499.83 $1,305.62 $297,021.18
Jun, 2022 7 $804.43 $501.19 $1,305.62 $296,519.99
Jul, 2022 8 $803.07 $502.54 $1,305.62 $296,017.45
Aug, 2022 9 $801.71 $503.91 $1,305.62 $295,513.55
Sep, 2022 10 $800.35 $505.27 $1,305.62 $295,008.28
Oct, 2022 11 $798.98 $506.64 $1,305.62 $294,501.64
Nov, 2022 12 $797.61 $508.01 $1,305.62 $293,993.63
Dec, 2022 13 $796.23 $509.39 $1,305.62 $293,484.24
Jan, 2023 14 $794.85 $510.77 $1,305.62 $292,973.47
Feb, 2023 15 $793.47 $512.15 $1,305.62 $292,461.33
Mar, 2023 16 $792.08 $513.54 $1,305.62 $291,947.79
Apr, 2023 17 $790.69 $514.93 $1,305.62 $291,432.86
May, 2023 18 $789.30 $516.32 $1,305.62 $290,916.54
Jun, 2023 19 $787.90 $517.72 $1,305.62 $290,398.82
Jul, 2023 20 $786.50 $519.12 $1,305.62 $289,879.70
Aug, 2023 21 $785.09 $520.53 $1,305.62 $289,359.17
Sep, 2023 22 $783.68 $521.94 $1,305.62 $288,837.23
Oct, 2023 23 $782.27 $523.35 $1,305.62 $288,313.88
Nov, 2023 24 $780.85 $524.77 $1,305.62 $287,789.11
Dec, 2023 25 $779.43 $526.19 $1,305.62 $287,262.92
Jan, 2024 26 $778.00 $527.62 $1,305.62 $286,735.31
Feb, 2024 27 $776.57 $529.04 $1,305.62 $286,206.26
Mar, 2024 28 $775.14 $530.48 $1,305.62 $285,675.79
Apr, 2024 29 $773.71 $531.91 $1,305.62 $285,143.87
May, 2024 30 $772.26 $533.35 $1,305.62 $284,610.52
Jun, 2024 31 $770.82 $534.80 $1,305.62 $284,075.72
Jul, 2024 32 $769.37 $536.25 $1,305.62 $283,539.47
Aug, 2024 33 $767.92 $537.70 $1,305.62 $283,001.77
Sep, 2024 34 $766.46 $539.16 $1,305.62 $282,462.62
Oct, 2024 35 $765.00 $540.62 $1,305.62 $281,922.00
Nov, 2024 36 $763.54 $542.08 $1,305.62 $281,379.92
Dec, 2024 37 $762.07 $543.55 $1,305.62 $280,836.37
Jan, 2025 38 $760.60 $545.02 $1,305.62 $280,291.35
Feb, 2025 39 $759.12 $546.50 $1,305.62 $279,744.85
Mar, 2025 40 $757.64 $547.98 $1,305.62 $279,196.88
Apr, 2025 41 $756.16 $549.46 $1,305.62 $278,647.42
May, 2025 42 $754.67 $550.95 $1,305.62 $278,096.47
Jun, 2025 43 $753.18 $552.44 $1,305.62 $277,544.03
Jul, 2025 44 $751.68 $553.94 $1,305.62 $276,990.09
Aug, 2025 45 $750.18 $555.44 $1,305.62 $276,434.65
Sep, 2025 46 $748.68 $556.94 $1,305.62 $275,877.71
Oct, 2025 47 $747.17 $558.45 $1,305.62 $275,319.26
Nov, 2025 48 $745.66 $559.96 $1,305.62 $274,759.30
Dec, 2025 49 $744.14 $561.48 $1,305.62 $274,197.82
Jan, 2026 50 $742.62 $563.00 $1,305.62 $273,634.82
Feb, 2026 51 $741.09 $564.52 $1,305.62 $273,070.29
Mar, 2026 52 $739.57 $566.05 $1,305.62 $272,504.24
Apr, 2026 53 $738.03 $567.59 $1,305.62 $271,936.65
May, 2026 54 $736.50 $569.12 $1,305.62 $271,367.53
Jun, 2026 55 $734.95 $570.67 $1,305.62 $270,796.87
Jul, 2026 56 $733.41 $572.21 $1,305.62 $270,224.65
Aug, 2026 57 $731.86 $573.76 $1,305.62 $269,650.89
Sep, 2026 58 $730.30 $575.31 $1,305.62 $269,075.58
Oct, 2026 59 $728.75 $576.87 $1,305.62 $268,498.71
Nov, 2026 60 $727.18 $578.43 $1,305.62 $267,920.27
Dec, 2026 61 $725.62 $580.00 $1,305.62 $267,340.27
Jan, 2027 62 $724.05 $581.57 $1,305.62 $266,758.70
Feb, 2027 63 $722.47 $583.15 $1,305.62 $266,175.55
Mar, 2027 64 $720.89 $584.73 $1,305.62 $265,590.82
Apr, 2027 65 $719.31 $586.31 $1,305.62 $265,004.51
May, 2027 66 $717.72 $587.90 $1,305.62 $264,416.62
Jun, 2027 67 $716.13 $589.49 $1,305.62 $263,827.12
Jul, 2027 68 $714.53 $591.09 $1,305.62 $263,236.04
Aug, 2027 69 $712.93 $592.69 $1,305.62 $262,643.35
Sep, 2027 70 $711.33 $594.29 $1,305.62 $262,049.06
Oct, 2027 71 $709.72 $595.90 $1,305.62 $261,453.15
Nov, 2027 72 $708.10 $597.52 $1,305.62 $260,855.64
Dec, 2027 73 $706.48 $599.13 $1,305.62 $260,256.50
Jan, 2028 74 $704.86 $600.76 $1,305.62 $259,655.74
Feb, 2028 75 $703.23 $602.38 $1,305.62 $259,053.36
Mar, 2028 76 $701.60 $604.02 $1,305.62 $258,449.34
Apr, 2028 77 $699.97 $605.65 $1,305.62 $257,843.69
May, 2028 78 $698.33 $607.29 $1,305.62 $257,236.40
Jun, 2028 79 $696.68 $608.94 $1,305.62 $256,627.46
Jul, 2028 80 $695.03 $610.59 $1,305.62 $256,016.88
Aug, 2028 81 $693.38 $612.24 $1,305.62 $255,404.64
Sep, 2028 82 $691.72 $613.90 $1,305.62 $254,790.74
Oct, 2028 83 $690.06 $615.56 $1,305.62 $254,175.18
Nov, 2028 84 $688.39 $617.23 $1,305.62 $253,557.95
Dec, 2028 85 $686.72 $618.90 $1,305.62 $252,939.05
Jan, 2029 86 $685.04 $620.58 $1,305.62 $252,318.47
Feb, 2029 87 $683.36 $622.26 $1,305.62 $251,696.22
Mar, 2029 88 $681.68 $623.94 $1,305.62 $251,072.28
Apr, 2029 89 $679.99 $625.63 $1,305.62 $250,446.64
May, 2029 90 $678.29 $627.33 $1,305.62 $249,819.32
Jun, 2029 91 $676.59 $629.02 $1,305.62 $249,190.29
Jul, 2029 92 $674.89 $630.73 $1,305.62 $248,559.56
Aug, 2029 93 $673.18 $632.44 $1,305.62 $247,927.13
Sep, 2029 94 $671.47 $634.15 $1,305.62 $247,292.98
Oct, 2029 95 $669.75 $635.87 $1,305.62 $246,657.11
Nov, 2029 96 $668.03 $637.59 $1,305.62 $246,019.52
Dec, 2029 97 $666.30 $639.32 $1,305.62 $245,380.21
Jan, 2030 98 $664.57 $641.05 $1,305.62 $244,739.16
Feb, 2030 99 $662.84 $642.78 $1,305.62 $244,096.37
Mar, 2030 100 $661.09 $644.52 $1,305.62 $243,451.85
Apr, 2030 101 $659.35 $646.27 $1,305.62 $242,805.58
May, 2030 102 $657.60 $648.02 $1,305.62 $242,157.56
Jun, 2030 103 $655.84 $649.78 $1,305.62 $241,507.78
Jul, 2030 104 $654.08 $651.54 $1,305.62 $240,856.25
Aug, 2030 105 $652.32 $653.30 $1,305.62 $240,202.95
Sep, 2030 106 $650.55 $655.07 $1,305.62 $239,547.88
Oct, 2030 107 $648.78 $656.84 $1,305.62 $238,891.04
Nov, 2030 108 $647.00 $658.62 $1,305.62 $238,232.41
Dec, 2030 109 $645.21 $660.41 $1,305.62 $237,572.01
Jan, 2031 110 $643.42 $662.19 $1,305.62 $236,909.81
Feb, 2031 111 $641.63 $663.99 $1,305.62 $236,245.82
Mar, 2031 112 $639.83 $665.79 $1,305.62 $235,580.04
Apr, 2031 113 $638.03 $667.59 $1,305.62 $234,912.45
May, 2031 114 $636.22 $669.40 $1,305.62 $234,243.05
Jun, 2031 115 $634.41 $671.21 $1,305.62 $233,571.84
Jul, 2031 116 $632.59 $673.03 $1,305.62 $232,898.81
Aug, 2031 117 $630.77 $674.85 $1,305.62 $232,223.96
Sep, 2031 118 $628.94 $676.68 $1,305.62 $231,547.28
Oct, 2031 119 $627.11 $678.51 $1,305.62 $230,868.77
Nov, 2031 120 $625.27 $680.35 $1,305.62 $230,188.42
Dec, 2031 121 $623.43 $682.19 $1,305.62 $229,506.23
Jan, 2032 122 $621.58 $684.04 $1,305.62 $228,822.19
Feb, 2032 123 $619.73 $685.89 $1,305.62 $228,136.30
Mar, 2032 124 $617.87 $687.75 $1,305.62 $227,448.55
Apr, 2032 125 $616.01 $689.61 $1,305.62 $226,758.93
May, 2032 126 $614.14 $691.48 $1,305.62 $226,067.45
Jun, 2032 127 $612.27 $693.35 $1,305.62 $225,374.10
Jul, 2032 128 $610.39 $695.23 $1,305.62 $224,678.87
Aug, 2032 129 $608.51 $697.11 $1,305.62 $223,981.76
Sep, 2032 130 $606.62 $699.00 $1,305.62 $223,282.75
Oct, 2032 131 $604.72 $700.89 $1,305.62 $222,581.86
Nov, 2032 132 $602.83 $702.79 $1,305.62 $221,879.07
Dec, 2032 133 $600.92 $704.70 $1,305.62 $221,174.37
Jan, 2033 134 $599.01 $706.61 $1,305.62 $220,467.76
Feb, 2033 135 $597.10 $708.52 $1,305.62 $219,759.25
Mar, 2033 136 $595.18 $710.44 $1,305.62 $219,048.81
Apr, 2033 137 $593.26 $712.36 $1,305.62 $218,336.45
May, 2033 138 $591.33 $714.29 $1,305.62 $217,622.16
Jun, 2033 139 $589.39 $716.23 $1,305.62 $216,905.93
Jul, 2033 140 $587.45 $718.17 $1,305.62 $216,187.76
Aug, 2033 141 $585.51 $720.11 $1,305.62 $215,467.65
Sep, 2033 142 $583.56 $722.06 $1,305.62 $214,745.59
Oct, 2033 143 $581.60 $724.02 $1,305.62 $214,021.58
Nov, 2033 144 $579.64 $725.98 $1,305.62 $213,295.60
Dec, 2033 145 $577.68 $727.94 $1,305.62 $212,567.66
Jan, 2034 146 $575.70 $729.91 $1,305.62 $211,837.74
Feb, 2034 147 $573.73 $731.89 $1,305.62 $211,105.85
Mar, 2034 148 $571.75 $733.87 $1,305.62 $210,371.98
Apr, 2034 149 $569.76 $735.86 $1,305.62 $209,636.11
May, 2034 150 $567.76 $737.85 $1,305.62 $208,898.26
Jun, 2034 151 $565.77 $739.85 $1,305.62 $208,158.41
Jul, 2034 152 $563.76 $741.86 $1,305.62 $207,416.55
Aug, 2034 153 $561.75 $743.87 $1,305.62 $206,672.68
Sep, 2034 154 $559.74 $745.88 $1,305.62 $205,926.80
Oct, 2034 155 $557.72 $747.90 $1,305.62 $205,178.90
Nov, 2034 156 $555.69 $749.93 $1,305.62 $204,428.98
Dec, 2034 157 $553.66 $751.96 $1,305.62 $203,677.02
Jan, 2035 158 $551.63 $753.99 $1,305.62 $202,923.03
Feb, 2035 159 $549.58 $756.04 $1,305.62 $202,166.99
Mar, 2035 160 $547.54 $758.08 $1,305.62 $201,408.91
Apr, 2035 161 $545.48 $760.14 $1,305.62 $200,648.77
May, 2035 162 $543.42 $762.20 $1,305.62 $199,886.58
Jun, 2035 163 $541.36 $764.26 $1,305.62 $199,122.32
Jul, 2035 164 $539.29 $766.33 $1,305.62 $198,355.99
Aug, 2035 165 $537.21 $768.40 $1,305.62 $197,587.58
Sep, 2035 166 $535.13 $770.49 $1,305.62 $196,817.10
Oct, 2035 167 $533.05 $772.57 $1,305.62 $196,044.52
Nov, 2035 168 $530.95 $774.67 $1,305.62 $195,269.86
Dec, 2035 169 $528.86 $776.76 $1,305.62 $194,493.10
Jan, 2036 170 $526.75 $778.87 $1,305.62 $193,714.23
Feb, 2036 171 $524.64 $780.98 $1,305.62 $192,933.25
Mar, 2036 172 $522.53 $783.09 $1,305.62 $192,150.16
Apr, 2036 173 $520.41 $785.21 $1,305.62 $191,364.95
May, 2036 174 $518.28 $787.34 $1,305.62 $190,577.61
Jun, 2036 175 $516.15 $789.47 $1,305.62 $189,788.14
Jul, 2036 176 $514.01 $791.61 $1,305.62 $188,996.53
Aug, 2036 177 $511.87 $793.75 $1,305.62 $188,202.78
Sep, 2036 178 $509.72 $795.90 $1,305.62 $187,406.87
Oct, 2036 179 $507.56 $798.06 $1,305.62 $186,608.81
Nov, 2036 180 $505.40 $800.22 $1,305.62 $185,808.59
Dec, 2036 181 $503.23 $802.39 $1,305.62 $185,006.21
Jan, 2037 182 $501.06 $804.56 $1,305.62 $184,201.65
Feb, 2037 183 $498.88 $806.74 $1,305.62 $183,394.91
Mar, 2037 184 $496.69 $808.92 $1,305.62 $182,585.98
Apr, 2037 185 $494.50 $811.12 $1,305.62 $181,774.87
May, 2037 186 $492.31 $813.31 $1,305.62 $180,961.55
Jun, 2037 187 $490.10 $815.51 $1,305.62 $180,146.04
Jul, 2037 188 $487.90 $817.72 $1,305.62 $179,328.32
Aug, 2037 189 $485.68 $819.94 $1,305.62 $178,508.38
Sep, 2037 190 $483.46 $822.16 $1,305.62 $177,686.22
Oct, 2037 191 $481.23 $824.39 $1,305.62 $176,861.83
Nov, 2037 192 $479.00 $826.62 $1,305.62 $176,035.22
Dec, 2037 193 $476.76 $828.86 $1,305.62 $175,206.36
Jan, 2038 194 $474.52 $831.10 $1,305.62 $174,375.26
Feb, 2038 195 $472.27 $833.35 $1,305.62 $173,541.90
Mar, 2038 196 $470.01 $835.61 $1,305.62 $172,706.30
Apr, 2038 197 $467.75 $837.87 $1,305.62 $171,868.42
May, 2038 198 $465.48 $840.14 $1,305.62 $171,028.28
Jun, 2038 199 $463.20 $842.42 $1,305.62 $170,185.86
Jul, 2038 200 $460.92 $844.70 $1,305.62 $169,341.16
Aug, 2038 201 $458.63 $846.99 $1,305.62 $168,494.18
Sep, 2038 202 $456.34 $849.28 $1,305.62 $167,644.90
Oct, 2038 203 $454.04 $851.58 $1,305.62 $166,793.32
Nov, 2038 204 $451.73 $853.89 $1,305.62 $165,939.43
Dec, 2038 205 $449.42 $856.20 $1,305.62 $165,083.23
Jan, 2039 206 $447.10 $858.52 $1,305.62 $164,224.71
Feb, 2039 207 $444.78 $860.84 $1,305.62 $163,363.87
Mar, 2039 208 $442.44 $863.18 $1,305.62 $162,500.69
Apr, 2039 209 $440.11 $865.51 $1,305.62 $161,635.18
May, 2039 210 $437.76 $867.86 $1,305.62 $160,767.32
Jun, 2039 211 $435.41 $870.21 $1,305.62 $159,897.11
Jul, 2039 212 $433.05 $872.56 $1,305.62 $159,024.55
Aug, 2039 213 $430.69 $874.93 $1,305.62 $158,149.62
Sep, 2039 214 $428.32 $877.30 $1,305.62 $157,272.33
Oct, 2039 215 $425.95 $879.67 $1,305.62 $156,392.65
Nov, 2039 216 $423.56 $882.06 $1,305.62 $155,510.60
Dec, 2039 217 $421.17 $884.44 $1,305.62 $154,626.15
Jan, 2040 218 $418.78 $886.84 $1,305.62 $153,739.31
Feb, 2040 219 $416.38 $889.24 $1,305.62 $152,850.07
Mar, 2040 220 $413.97 $891.65 $1,305.62 $151,958.42
Apr, 2040 221 $411.55 $894.06 $1,305.62 $151,064.36
May, 2040 222 $409.13 $896.49 $1,305.62 $150,167.87
Jun, 2040 223 $406.70 $898.91 $1,305.62 $149,268.96
Jul, 2040 224 $404.27 $901.35 $1,305.62 $148,367.61
Aug, 2040 225 $401.83 $903.79 $1,305.62 $147,463.82
Sep, 2040 226 $399.38 $906.24 $1,305.62 $146,557.58
Oct, 2040 227 $396.93 $908.69 $1,305.62 $145,648.89
Nov, 2040 228 $394.47 $911.15 $1,305.62 $144,737.73
Dec, 2040 229 $392.00 $913.62 $1,305.62 $143,824.11
Jan, 2041 230 $389.52 $916.10 $1,305.62 $142,908.02
Feb, 2041 231 $387.04 $918.58 $1,305.62 $141,989.44
Mar, 2041 232 $384.55 $921.06 $1,305.62 $141,068.38
Apr, 2041 233 $382.06 $923.56 $1,305.62 $140,144.82
May, 2041 234 $379.56 $926.06 $1,305.62 $139,218.76
Jun, 2041 235 $377.05 $928.57 $1,305.62 $138,290.19
Jul, 2041 236 $374.54 $931.08 $1,305.62 $137,359.11
Aug, 2041 237 $372.01 $933.60 $1,305.62 $136,425.50
Sep, 2041 238 $369.49 $936.13 $1,305.62 $135,489.37
Oct, 2041 239 $366.95 $938.67 $1,305.62 $134,550.70
Nov, 2041 240 $364.41 $941.21 $1,305.62 $133,609.49
Dec, 2041 241 $361.86 $943.76 $1,305.62 $132,665.73
Jan, 2042 242 $359.30 $946.32 $1,305.62 $131,719.41
Feb, 2042 243 $356.74 $948.88 $1,305.62 $130,770.53
Mar, 2042 244 $354.17 $951.45 $1,305.62 $129,819.09
Apr, 2042 245 $351.59 $954.03 $1,305.62 $128,865.06
May, 2042 246 $349.01 $956.61 $1,305.62 $127,908.45
Jun, 2042 247 $346.42 $959.20 $1,305.62 $126,949.25
Jul, 2042 248 $343.82 $961.80 $1,305.62 $125,987.45
Aug, 2042 249 $341.22 $964.40 $1,305.62 $125,023.05
Sep, 2042 250 $338.60 $967.01 $1,305.62 $124,056.03
Oct, 2042 251 $335.99 $969.63 $1,305.62 $123,086.40
Nov, 2042 252 $333.36 $972.26 $1,305.62 $122,114.14
Dec, 2042 253 $330.73 $974.89 $1,305.62 $121,139.25
Jan, 2043 254 $328.09 $977.53 $1,305.62 $120,161.71
Feb, 2043 255 $325.44 $980.18 $1,305.62 $119,181.53
Mar, 2043 256 $322.78 $982.84 $1,305.62 $118,198.70
Apr, 2043 257 $320.12 $985.50 $1,305.62 $117,213.20
May, 2043 258 $317.45 $988.17 $1,305.62 $116,225.03
Jun, 2043 259 $314.78 $990.84 $1,305.62 $115,234.19
Jul, 2043 260 $312.09 $993.53 $1,305.62 $114,240.66
Aug, 2043 261 $309.40 $996.22 $1,305.62 $113,244.45
Sep, 2043 262 $306.70 $998.92 $1,305.62 $112,245.53
Oct, 2043 263 $304.00 $1,001.62 $1,305.62 $111,243.91
Nov, 2043 264 $301.29 $1,004.33 $1,305.62 $110,239.58
Dec, 2043 265 $298.57 $1,007.05 $1,305.62 $109,232.52
Jan, 2044 266 $295.84 $1,009.78 $1,305.62 $108,222.74
Feb, 2044 267 $293.10 $1,012.52 $1,305.62 $107,210.23
Mar, 2044 268 $290.36 $1,015.26 $1,305.62 $106,194.97
Apr, 2044 269 $287.61 $1,018.01 $1,305.62 $105,176.96
May, 2044 270 $284.85 $1,020.76 $1,305.62 $104,156.20
Jun, 2044 271 $282.09 $1,023.53 $1,305.62 $103,132.67
Jul, 2044 272 $279.32 $1,026.30 $1,305.62 $102,106.37
Aug, 2044 273 $276.54 $1,029.08 $1,305.62 $101,077.29
Sep, 2044 274 $273.75 $1,031.87 $1,305.62 $100,045.42
Oct, 2044 275 $270.96 $1,034.66 $1,305.62 $99,010.76
Nov, 2044 276 $268.15 $1,037.46 $1,305.62 $97,973.29
Dec, 2044 277 $265.34 $1,040.27 $1,305.62 $96,933.02
Jan, 2045 278 $262.53 $1,043.09 $1,305.62 $95,889.92
Feb, 2045 279 $259.70 $1,045.92 $1,305.62 $94,844.01
Mar, 2045 280 $256.87 $1,048.75 $1,305.62 $93,795.26
Apr, 2045 281 $254.03 $1,051.59 $1,305.62 $92,743.67
May, 2045 282 $251.18 $1,054.44 $1,305.62 $91,689.23
Jun, 2045 283 $248.32 $1,057.29 $1,305.62 $90,631.94
Jul, 2045 284 $245.46 $1,060.16 $1,305.62 $89,571.78
Aug, 2045 285 $242.59 $1,063.03 $1,305.62 $88,508.75
Sep, 2045 286 $239.71 $1,065.91 $1,305.62 $87,442.84
Oct, 2045 287 $236.82 $1,068.79 $1,305.62 $86,374.05
Nov, 2045 288 $233.93 $1,071.69 $1,305.62 $85,302.36
Dec, 2045 289 $231.03 $1,074.59 $1,305.62 $84,227.77
Jan, 2046 290 $228.12 $1,077.50 $1,305.62 $83,150.26
Feb, 2046 291 $225.20 $1,080.42 $1,305.62 $82,069.84
Mar, 2046 292 $222.27 $1,083.35 $1,305.62 $80,986.50
Apr, 2046 293 $219.34 $1,086.28 $1,305.62 $79,900.22
May, 2046 294 $216.40 $1,089.22 $1,305.62 $78,810.99
Jun, 2046 295 $213.45 $1,092.17 $1,305.62 $77,718.82
Jul, 2046 296 $210.49 $1,095.13 $1,305.62 $76,623.69
Aug, 2046 297 $207.52 $1,098.10 $1,305.62 $75,525.59
Sep, 2046 298 $204.55 $1,101.07 $1,305.62 $74,424.52
Oct, 2046 299 $201.57 $1,104.05 $1,305.62 $73,320.47
Nov, 2046 300 $198.58 $1,107.04 $1,305.62 $72,213.43
Dec, 2046 301 $195.58 $1,110.04 $1,305.62 $71,103.39
Jan, 2047 302 $192.57 $1,113.05 $1,305.62 $69,990.34
Feb, 2047 303 $189.56 $1,116.06 $1,305.62 $68,874.28
Mar, 2047 304 $186.53 $1,119.08 $1,305.62 $67,755.19
Apr, 2047 305 $183.50 $1,122.12 $1,305.62 $66,633.08
May, 2047 306 $180.46 $1,125.15 $1,305.62 $65,507.92
Jun, 2047 307 $177.42 $1,128.20 $1,305.62 $64,379.72
Jul, 2047 308 $174.36 $1,131.26 $1,305.62 $63,248.47
Aug, 2047 309 $171.30 $1,134.32 $1,305.62 $62,114.14
Sep, 2047 310 $168.23 $1,137.39 $1,305.62 $60,976.75
Oct, 2047 311 $165.15 $1,140.47 $1,305.62 $59,836.28
Nov, 2047 312 $162.06 $1,143.56 $1,305.62 $58,692.72
Dec, 2047 313 $158.96 $1,146.66 $1,305.62 $57,546.06
Jan, 2048 314 $155.85 $1,149.77 $1,305.62 $56,396.29
Feb, 2048 315 $152.74 $1,152.88 $1,305.62 $55,243.41
Mar, 2048 316 $149.62 $1,156.00 $1,305.62 $54,087.41
Apr, 2048 317 $146.49 $1,159.13 $1,305.62 $52,928.28
May, 2048 318 $143.35 $1,162.27 $1,305.62 $51,766.01
Jun, 2048 319 $140.20 $1,165.42 $1,305.62 $50,600.59
Jul, 2048 320 $137.04 $1,168.58 $1,305.62 $49,432.01
Aug, 2048 321 $133.88 $1,171.74 $1,305.62 $48,260.27
Sep, 2048 322 $130.70 $1,174.91 $1,305.62 $47,085.36
Oct, 2048 323 $127.52 $1,178.10 $1,305.62 $45,907.26
Nov, 2048 324 $124.33 $1,181.29 $1,305.62 $44,725.97
Dec, 2048 325 $121.13 $1,184.49 $1,305.62 $43,541.49
Jan, 2049 326 $117.92 $1,187.69 $1,305.62 $42,353.79
Feb, 2049 327 $114.71 $1,190.91 $1,305.62 $41,162.88
Mar, 2049 328 $111.48 $1,194.14 $1,305.62 $39,968.75
Apr, 2049 329 $108.25 $1,197.37 $1,305.62 $38,771.38
May, 2049 330 $105.01 $1,200.61 $1,305.62 $37,570.76
Jun, 2049 331 $101.75 $1,203.86 $1,305.62 $36,366.90
Jul, 2049 332 $98.49 $1,207.13 $1,305.62 $35,159.77
Aug, 2049 333 $95.22 $1,210.39 $1,305.62 $33,949.38
Sep, 2049 334 $91.95 $1,213.67 $1,305.62 $32,735.71
Oct, 2049 335 $88.66 $1,216.96 $1,305.62 $31,518.75
Nov, 2049 336 $85.36 $1,220.26 $1,305.62 $30,298.49
Dec, 2049 337 $82.06 $1,223.56 $1,305.62 $29,074.93
Jan, 2050 338 $78.74 $1,226.87 $1,305.62 $27,848.06
Feb, 2050 339 $75.42 $1,230.20 $1,305.62 $26,617.86
Mar, 2050 340 $72.09 $1,233.53 $1,305.62 $25,384.33
Apr, 2050 341 $68.75 $1,236.87 $1,305.62 $24,147.46
May, 2050 342 $65.40 $1,240.22 $1,305.62 $22,907.24
Jun, 2050 343 $62.04 $1,243.58 $1,305.62 $21,663.66
Jul, 2050 344 $58.67 $1,246.95 $1,305.62 $20,416.72
Aug, 2050 345 $55.30 $1,250.32 $1,305.62 $19,166.39
Sep, 2050 346 $51.91 $1,253.71 $1,305.62 $17,912.68
Oct, 2050 347 $48.51 $1,257.11 $1,305.62 $16,655.58
Nov, 2050 348 $45.11 $1,260.51 $1,305.62 $15,395.07
Dec, 2050 349 $41.69 $1,263.92 $1,305.62 $14,131.14
Jan, 2051 350 $38.27 $1,267.35 $1,305.62 $12,863.80
Feb, 2051 351 $34.84 $1,270.78 $1,305.62 $11,593.02
Mar, 2051 352 $31.40 $1,274.22 $1,305.62 $10,318.79
Apr, 2051 353 $27.95 $1,277.67 $1,305.62 $9,041.12
May, 2051 354 $24.49 $1,281.13 $1,305.62 $7,759.99
Jun, 2051 355 $21.02 $1,284.60 $1,305.62 $6,475.39
Jul, 2051 356 $17.54 $1,288.08 $1,305.62 $5,187.31
Aug, 2051 357 $14.05 $1,291.57 $1,305.62 $3,895.74
Sep, 2051 358 $10.55 $1,295.07 $1,305.62 $2,600.67
Oct, 2051 359 $7.04 $1,298.58 $1,305.62 $1,302.09
Nov, 2051 360 $3.53 $1,302.09 $1,305.62 $0.00

Should I Buy Mortgage Points?

Without Points With Points
Monthly Payment $1,432.25 $1,305.62
Total Interest $215,608.52 $170,022.82
Total Principal $300,000.00 $300,000.00
Total Payment $515,608.52 $470,022.82
Points Costs $0 $9,000.00
Total Interest Savings $0 $45,585.69
Total Savings $0
$36,585.69
Payoff Date Nov, 2051 Nov, 2051

Mortgage Points Break Even Calculator

Each mortgage point costs 1% of the mortgage amount, use our mortgage points break even calculator to find out if it is worth it to buy points for your mortgage, and if it is, how much total interest payments you will save with points and how long does it take to break even.

What are mortgage points?

Mortgage points are discount points that borrowers purchase during the mortgage or refinance process to lower their interest rate. To save money on the life of the loan because of a lower interest rate and monthly payments, many borrowers choose to purchase mortgage points and pay a one-time fee upfront.


How much is a point on a mortgage?

Each mortgage point is 1% of the total mortgage amount that the borrower applies for. For example, if the mortgage amount is $500,000, each mortgage point costs $5,000. If the borrower purchases 3 points, that will cost $15,000. The payment for the discount mortgage points is added to closing costs which the borrower would pay on the closing date.


How many points can you buy on a mortgage?

Most lenders allow their borrowers to purchase anywhere from 1 - 3 discount points for their mortgage. There is no set limit of how many mortgage points you can buy, but it's rare to find lenders that allow borrowers to buy more than 5 points on their mortgages. You will need to check with your lender to see the maximum mortgage points that you can buy if you want to buy the maximum amount of discount points to take advantage of a much lower monthly payment. However, keep track of the numbers because if you have a large mortgage, the costs for mortgage points add up quickly, and your closing costs will be high, make sure you can still afford the closing costs. If you can't afford to pay 1 whole mortgage point, but still want to take advantage of the discount points, many lenders allow you to buy a fraction of a point.


Are mortgage points worth it?

Whether or not mortgage points are worth it depends on your family situation. If you plan to live in your house for a long time and can afford the extra payment upfront, buying mortgage points may be a good idea. However, if you are not planning to stay in the house for more than 3-5 years, then buying mortgage points is not worth it, because you might not breakeven for the mortgage points costs before you move out. You can use our mortgage points calculator to find out how long it takes for you to break even.



Pros and cons of buying points on a mortgage

Pros
  • Lower interest rate - Since your interest rate will be lower, you will make lower monthly payments and hence have more money in your pockets every month.

  • Lower cost for the mortgage - If you live in the house for more than 10 years on a 30-year term, you will save money on interest payment, and the overall costs.

  • Tax-deductible - Just like your mortgage payment, the costs of buying points are also tax-deductible. You will have to talk to your accountant to see how much you can save on taxes.
Cons
  • Higher upfront costs - The mortgage points are not cheap, with each point costing 1% of the loan, you will pay a much higher upfront fee.

  • Reduces your down payment - If paying for mortgage points cuts down your down payment, you may end up having to pay PMI or private mortgage insurance. The PMI is required if your down payment is less than 20%. You will have to pay the monthly PMI until your equity in the house exceeds 20%.

  • May never break even - If you are only going to live in the house for a few years, you may never break even on the costs of your mortgage points.

What is the breakeven point?

The breakeven point occurs when your savings on interest payment exceeds the initial upfront costs that you paid to purchase mortgage points. Depending on how many discount mortgage points you purchase, the breakeven point could be a few years into your mortgage payments. Therefore, if you are not planning to live in the house for the long term, it may not be a good idea to purchase discount points because you may never recoup the costs of buying discount points. Our mortgage points calculator will show you exactly when the breakeven point occurs when you enter the interest rate without points, interest rate with points, and the number of discount mortgage points you buy. You will see the total savings at the end of the loan term if you stay in the house for 30 years. You will also get an amortization schedule for the mortgage with and without points so you can compare the difference in payments each month.


What are origination points?

There is a difference between mortgage origination points and mortgage discount points. Discount points allow a borrower to reduce their monthly payments by paying an upfront fee and is tax-deductible, whereas origination points are fees that are charged by lenders to originate the loan. Origination fees are fees added to the closing costs and are paid at closing, these fees are not tax-deductible and they do not reduce your interest rate or monthly payment. Original fees are often negotiable and vary from lender to lender. When a borrower shops around to find a lender, the interest rate should not be the only consideration, they should also compare the loan origination fees and the closing costs the lenders charge and pick the lender that best suits their need.





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