mortgage calculator

Mortgage Points Calculator

Mortgage Points Calculator excel 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:
Jul, 2052
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 Mortgage Points

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Aug, 2022 1 $1,000.00 $432.25 $1,432.25 $299,567.75
Sep, 2022 2 $998.56 $433.69 $1,432.25 $299,134.07
Oct, 2022 3 $997.11 $435.13 $1,432.25 $298,698.94
Nov, 2022 4 $995.66 $436.58 $1,432.25 $298,262.35
Dec, 2022 5 $994.21 $438.04 $1,432.25 $297,824.31
Jan, 2023 6 $992.75 $439.50 $1,432.25 $297,384.82
Feb, 2023 7 $991.28 $440.96 $1,432.25 $296,943.85
Mar, 2023 8 $989.81 $442.43 $1,432.25 $296,501.42
Apr, 2023 9 $988.34 $443.91 $1,432.25 $296,057.51
May, 2023 10 $986.86 $445.39 $1,432.25 $295,612.12
Jun, 2023 11 $985.37 $446.87 $1,432.25 $295,165.25
Jul, 2023 12 $983.88 $448.36 $1,432.25 $294,716.89
Aug, 2023 13 $982.39 $449.86 $1,432.25 $294,267.03
Sep, 2023 14 $980.89 $451.36 $1,432.25 $293,815.68
Oct, 2023 15 $979.39 $452.86 $1,432.25 $293,362.82
Nov, 2023 16 $977.88 $454.37 $1,432.25 $292,908.45
Dec, 2023 17 $976.36 $455.88 $1,432.25 $292,452.56
Jan, 2024 18 $974.84 $457.40 $1,432.25 $291,995.16
Feb, 2024 19 $973.32 $458.93 $1,432.25 $291,536.23
Mar, 2024 20 $971.79 $460.46 $1,432.25 $291,075.77
Apr, 2024 21 $970.25 $461.99 $1,432.25 $290,613.78
May, 2024 22 $968.71 $463.53 $1,432.25 $290,150.25
Jun, 2024 23 $967.17 $465.08 $1,432.25 $289,685.17
Jul, 2024 24 $965.62 $466.63 $1,432.25 $289,218.54
Aug, 2024 25 $964.06 $468.18 $1,432.25 $288,750.36
Sep, 2024 26 $962.50 $469.74 $1,432.25 $288,280.61
Oct, 2024 27 $960.94 $471.31 $1,432.25 $287,809.30
Nov, 2024 28 $959.36 $472.88 $1,432.25 $287,336.42
Dec, 2024 29 $957.79 $474.46 $1,432.25 $286,861.96
Jan, 2025 30 $956.21 $476.04 $1,432.25 $286,385.92
Feb, 2025 31 $954.62 $477.63 $1,432.25 $285,908.30
Mar, 2025 32 $953.03 $479.22 $1,432.25 $285,429.08
Apr, 2025 33 $951.43 $480.82 $1,432.25 $284,948.26
May, 2025 34 $949.83 $482.42 $1,432.25 $284,465.84
Jun, 2025 35 $948.22 $484.03 $1,432.25 $283,981.82
Jul, 2025 36 $946.61 $485.64 $1,432.25 $283,496.18
Aug, 2025 37 $944.99 $487.26 $1,432.25 $283,008.92
Sep, 2025 38 $943.36 $488.88 $1,432.25 $282,520.04
Oct, 2025 39 $941.73 $490.51 $1,432.25 $282,029.52
Nov, 2025 40 $940.10 $492.15 $1,432.25 $281,537.38
Dec, 2025 41 $938.46 $493.79 $1,432.25 $281,043.59
Jan, 2026 42 $936.81 $495.43 $1,432.25 $280,548.15
Feb, 2026 43 $935.16 $497.09 $1,432.25 $280,051.07
Mar, 2026 44 $933.50 $498.74 $1,432.25 $279,552.33
Apr, 2026 45 $931.84 $500.40 $1,432.25 $279,051.92
May, 2026 46 $930.17 $502.07 $1,432.25 $278,549.85
Jun, 2026 47 $928.50 $503.75 $1,432.25 $278,046.10
Jul, 2026 48 $926.82 $505.43 $1,432.25 $277,540.68
Aug, 2026 49 $925.14 $507.11 $1,432.25 $277,033.57
Sep, 2026 50 $923.45 $508.80 $1,432.25 $276,524.77
Oct, 2026 51 $921.75 $510.50 $1,432.25 $276,014.27
Nov, 2026 52 $920.05 $512.20 $1,432.25 $275,502.07
Dec, 2026 53 $918.34 $513.91 $1,432.25 $274,988.16
Jan, 2027 54 $916.63 $515.62 $1,432.25 $274,472.55
Feb, 2027 55 $914.91 $517.34 $1,432.25 $273,955.21
Mar, 2027 56 $913.18 $519.06 $1,432.25 $273,436.15
Apr, 2027 57 $911.45 $520.79 $1,432.25 $272,915.35
May, 2027 58 $909.72 $522.53 $1,432.25 $272,392.83
Jun, 2027 59 $907.98 $524.27 $1,432.25 $271,868.56
Jul, 2027 60 $906.23 $526.02 $1,432.25 $271,342.54
Aug, 2027 61 $904.48 $527.77 $1,432.25 $270,814.77
Sep, 2027 62 $902.72 $529.53 $1,432.25 $270,285.24
Oct, 2027 63 $900.95 $531.30 $1,432.25 $269,753.94
Nov, 2027 64 $899.18 $533.07 $1,432.25 $269,220.88
Dec, 2027 65 $897.40 $534.84 $1,432.25 $268,686.03
Jan, 2028 66 $895.62 $536.63 $1,432.25 $268,149.41
Feb, 2028 67 $893.83 $538.41 $1,432.25 $267,610.99
Mar, 2028 68 $892.04 $540.21 $1,432.25 $267,070.79
Apr, 2028 69 $890.24 $542.01 $1,432.25 $266,528.78
May, 2028 70 $888.43 $543.82 $1,432.25 $265,984.96
Jun, 2028 71 $886.62 $545.63 $1,432.25 $265,439.33
Jul, 2028 72 $884.80 $547.45 $1,432.25 $264,891.88
Aug, 2028 73 $882.97 $549.27 $1,432.25 $264,342.61
Sep, 2028 74 $881.14 $551.10 $1,432.25 $263,791.50
Oct, 2028 75 $879.31 $552.94 $1,432.25 $263,238.56
Nov, 2028 76 $877.46 $554.78 $1,432.25 $262,683.78
Dec, 2028 77 $875.61 $556.63 $1,432.25 $262,127.15
Jan, 2029 78 $873.76 $558.49 $1,432.25 $261,568.66
Feb, 2029 79 $871.90 $560.35 $1,432.25 $261,008.31
Mar, 2029 80 $870.03 $562.22 $1,432.25 $260,446.09
Apr, 2029 81 $868.15 $564.09 $1,432.25 $259,882.00
May, 2029 82 $866.27 $565.97 $1,432.25 $259,316.02
Jun, 2029 83 $864.39 $567.86 $1,432.25 $258,748.16
Jul, 2029 84 $862.49 $569.75 $1,432.25 $258,178.41
Aug, 2029 85 $860.59 $571.65 $1,432.25 $257,606.76
Sep, 2029 86 $858.69 $573.56 $1,432.25 $257,033.20
Oct, 2029 87 $856.78 $575.47 $1,432.25 $256,457.74
Nov, 2029 88 $854.86 $577.39 $1,432.25 $255,880.35
Dec, 2029 89 $852.93 $579.31 $1,432.25 $255,301.04
Jan, 2030 90 $851.00 $581.24 $1,432.25 $254,719.80
Feb, 2030 91 $849.07 $583.18 $1,432.25 $254,136.62
Mar, 2030 92 $847.12 $585.12 $1,432.25 $253,551.49
Apr, 2030 93 $845.17 $587.07 $1,432.25 $252,964.42
May, 2030 94 $843.21 $589.03 $1,432.25 $252,375.39
Jun, 2030 95 $841.25 $590.99 $1,432.25 $251,784.39
Jul, 2030 96 $839.28 $592.96 $1,432.25 $251,191.43
Aug, 2030 97 $837.30 $594.94 $1,432.25 $250,596.49
Sep, 2030 98 $835.32 $596.92 $1,432.25 $249,999.56
Oct, 2030 99 $833.33 $598.91 $1,432.25 $249,400.65
Nov, 2030 100 $831.34 $600.91 $1,432.25 $248,799.74
Dec, 2030 101 $829.33 $602.91 $1,432.25 $248,196.82
Jan, 2031 102 $827.32 $604.92 $1,432.25 $247,591.90
Feb, 2031 103 $825.31 $606.94 $1,432.25 $246,984.96
Mar, 2031 104 $823.28 $608.96 $1,432.25 $246,376.00
Apr, 2031 105 $821.25 $610.99 $1,432.25 $245,765.01
May, 2031 106 $819.22 $613.03 $1,432.25 $245,151.98
Jun, 2031 107 $817.17 $615.07 $1,432.25 $244,536.90
Jul, 2031 108 $815.12 $617.12 $1,432.25 $243,919.78
Aug, 2031 109 $813.07 $619.18 $1,432.25 $243,300.60
Sep, 2031 110 $811.00 $621.24 $1,432.25 $242,679.36
Oct, 2031 111 $808.93 $623.31 $1,432.25 $242,056.04
Nov, 2031 112 $806.85 $625.39 $1,432.25 $241,430.65
Dec, 2031 113 $804.77 $627.48 $1,432.25 $240,803.17
Jan, 2032 114 $802.68 $629.57 $1,432.25 $240,173.60
Feb, 2032 115 $800.58 $631.67 $1,432.25 $239,541.94
Mar, 2032 116 $798.47 $633.77 $1,432.25 $238,908.16
Apr, 2032 117 $796.36 $635.89 $1,432.25 $238,272.28
May, 2032 118 $794.24 $638.00 $1,432.25 $237,634.27
Jun, 2032 119 $792.11 $640.13 $1,432.25 $236,994.14
Jul, 2032 120 $789.98 $642.27 $1,432.25 $236,351.88
Aug, 2032 121 $787.84 $644.41 $1,432.25 $235,707.47
Sep, 2032 122 $785.69 $646.55 $1,432.25 $235,060.92
Oct, 2032 123 $783.54 $648.71 $1,432.25 $234,412.21
Nov, 2032 124 $781.37 $650.87 $1,432.25 $233,761.34
Dec, 2032 125 $779.20 $653.04 $1,432.25 $233,108.29
Jan, 2033 126 $777.03 $655.22 $1,432.25 $232,453.08
Feb, 2033 127 $774.84 $657.40 $1,432.25 $231,795.67
Mar, 2033 128 $772.65 $659.59 $1,432.25 $231,136.08
Apr, 2033 129 $770.45 $661.79 $1,432.25 $230,474.29
May, 2033 130 $768.25 $664.00 $1,432.25 $229,810.29
Jun, 2033 131 $766.03 $666.21 $1,432.25 $229,144.08
Jul, 2033 132 $763.81 $668.43 $1,432.25 $228,475.65
Aug, 2033 133 $761.59 $670.66 $1,432.25 $227,804.99
Sep, 2033 134 $759.35 $672.90 $1,432.25 $227,132.09
Oct, 2033 135 $757.11 $675.14 $1,432.25 $226,456.95
Nov, 2033 136 $754.86 $677.39 $1,432.25 $225,779.56
Dec, 2033 137 $752.60 $679.65 $1,432.25 $225,099.91
Jan, 2034 138 $750.33 $681.91 $1,432.25 $224,418.00
Feb, 2034 139 $748.06 $684.19 $1,432.25 $223,733.81
Mar, 2034 140 $745.78 $686.47 $1,432.25 $223,047.35
Apr, 2034 141 $743.49 $688.75 $1,432.25 $222,358.59
May, 2034 142 $741.20 $691.05 $1,432.25 $221,667.54
Jun, 2034 143 $738.89 $693.35 $1,432.25 $220,974.19
Jul, 2034 144 $736.58 $695.67 $1,432.25 $220,278.52
Aug, 2034 145 $734.26 $697.98 $1,432.25 $219,580.54
Sep, 2034 146 $731.94 $700.31 $1,432.25 $218,880.23
Oct, 2034 147 $729.60 $702.65 $1,432.25 $218,177.58
Nov, 2034 148 $727.26 $704.99 $1,432.25 $217,472.60
Dec, 2034 149 $724.91 $707.34 $1,432.25 $216,765.26
Jan, 2035 150 $722.55 $709.70 $1,432.25 $216,055.56
Feb, 2035 151 $720.19 $712.06 $1,432.25 $215,343.50
Mar, 2035 152 $717.81 $714.43 $1,432.25 $214,629.07
Apr, 2035 153 $715.43 $716.82 $1,432.25 $213,912.25
May, 2035 154 $713.04 $719.21 $1,432.25 $213,193.05
Jun, 2035 155 $710.64 $721.60 $1,432.25 $212,471.45
Jul, 2035 156 $708.24 $724.01 $1,432.25 $211,747.44
Aug, 2035 157 $705.82 $726.42 $1,432.25 $211,021.02
Sep, 2035 158 $703.40 $728.84 $1,432.25 $210,292.17
Oct, 2035 159 $700.97 $731.27 $1,432.25 $209,560.90
Nov, 2035 160 $698.54 $733.71 $1,432.25 $208,827.19
Dec, 2035 161 $696.09 $736.16 $1,432.25 $208,091.04
Jan, 2036 162 $693.64 $738.61 $1,432.25 $207,352.43
Feb, 2036 163 $691.17 $741.07 $1,432.25 $206,611.36
Mar, 2036 164 $688.70 $743.54 $1,432.25 $205,867.82
Apr, 2036 165 $686.23 $746.02 $1,432.25 $205,121.80
May, 2036 166 $683.74 $748.51 $1,432.25 $204,373.29
Jun, 2036 167 $681.24 $751.00 $1,432.25 $203,622.29
Jul, 2036 168 $678.74 $753.50 $1,432.25 $202,868.78
Aug, 2036 169 $676.23 $756.02 $1,432.25 $202,112.77
Sep, 2036 170 $673.71 $758.54 $1,432.25 $201,354.23
Oct, 2036 171 $671.18 $761.07 $1,432.25 $200,593.17
Nov, 2036 172 $668.64 $763.60 $1,432.25 $199,829.56
Dec, 2036 173 $666.10 $766.15 $1,432.25 $199,063.42
Jan, 2037 174 $663.54 $768.70 $1,432.25 $198,294.71
Feb, 2037 175 $660.98 $771.26 $1,432.25 $197,523.45
Mar, 2037 176 $658.41 $773.83 $1,432.25 $196,749.62
Apr, 2037 177 $655.83 $776.41 $1,432.25 $195,973.20
May, 2037 178 $653.24 $779.00 $1,432.25 $195,194.20
Jun, 2037 179 $650.65 $781.60 $1,432.25 $194,412.60
Jul, 2037 180 $648.04 $784.20 $1,432.25 $193,628.40
Aug, 2037 181 $645.43 $786.82 $1,432.25 $192,841.58
Sep, 2037 182 $642.81 $789.44 $1,432.25 $192,052.14
Oct, 2037 183 $640.17 $792.07 $1,432.25 $191,260.07
Nov, 2037 184 $637.53 $794.71 $1,432.25 $190,465.36
Dec, 2037 185 $634.88 $797.36 $1,432.25 $189,667.99
Jan, 2038 186 $632.23 $800.02 $1,432.25 $188,867.98
Feb, 2038 187 $629.56 $802.69 $1,432.25 $188,065.29
Mar, 2038 188 $626.88 $805.36 $1,432.25 $187,259.93
Apr, 2038 189 $624.20 $808.05 $1,432.25 $186,451.88
May, 2038 190 $621.51 $810.74 $1,432.25 $185,641.14
Jun, 2038 191 $618.80 $813.44 $1,432.25 $184,827.70
Jul, 2038 192 $616.09 $816.15 $1,432.25 $184,011.55
Aug, 2038 193 $613.37 $818.87 $1,432.25 $183,192.67
Sep, 2038 194 $610.64 $821.60 $1,432.25 $182,371.07
Oct, 2038 195 $607.90 $824.34 $1,432.25 $181,546.73
Nov, 2038 196 $605.16 $827.09 $1,432.25 $180,719.64
Dec, 2038 197 $602.40 $829.85 $1,432.25 $179,889.79
Jan, 2039 198 $599.63 $832.61 $1,432.25 $179,057.18
Feb, 2039 199 $596.86 $835.39 $1,432.25 $178,221.79
Mar, 2039 200 $594.07 $838.17 $1,432.25 $177,383.61
Apr, 2039 201 $591.28 $840.97 $1,432.25 $176,542.65
May, 2039 202 $588.48 $843.77 $1,432.25 $175,698.88
Jun, 2039 203 $585.66 $846.58 $1,432.25 $174,852.29
Jul, 2039 204 $582.84 $849.40 $1,432.25 $174,002.89
Aug, 2039 205 $580.01 $852.24 $1,432.25 $173,150.65
Sep, 2039 206 $577.17 $855.08 $1,432.25 $172,295.58
Oct, 2039 207 $574.32 $857.93 $1,432.25 $171,437.65
Nov, 2039 208 $571.46 $860.79 $1,432.25 $170,576.86
Dec, 2039 209 $568.59 $863.66 $1,432.25 $169,713.20
Jan, 2040 210 $565.71 $866.54 $1,432.25 $168,846.67
Feb, 2040 211 $562.82 $869.42 $1,432.25 $167,977.25
Mar, 2040 212 $559.92 $872.32 $1,432.25 $167,104.92
Apr, 2040 213 $557.02 $875.23 $1,432.25 $166,229.69
May, 2040 214 $554.10 $878.15 $1,432.25 $165,351.55
Jun, 2040 215 $551.17 $881.07 $1,432.25 $164,470.47
Jul, 2040 216 $548.23 $884.01 $1,432.25 $163,586.46
Aug, 2040 217 $545.29 $886.96 $1,432.25 $162,699.50
Sep, 2040 218 $542.33 $889.91 $1,432.25 $161,809.59
Oct, 2040 219 $539.37 $892.88 $1,432.25 $160,916.71
Nov, 2040 220 $536.39 $895.86 $1,432.25 $160,020.85
Dec, 2040 221 $533.40 $898.84 $1,432.25 $159,122.01
Jan, 2041 222 $530.41 $901.84 $1,432.25 $158,220.17
Feb, 2041 223 $527.40 $904.85 $1,432.25 $157,315.33
Mar, 2041 224 $524.38 $907.86 $1,432.25 $156,407.46
Apr, 2041 225 $521.36 $910.89 $1,432.25 $155,496.58
May, 2041 226 $518.32 $913.92 $1,432.25 $154,582.65
Jun, 2041 227 $515.28 $916.97 $1,432.25 $153,665.68
Jul, 2041 228 $512.22 $920.03 $1,432.25 $152,745.66
Aug, 2041 229 $509.15 $923.09 $1,432.25 $151,822.56
Sep, 2041 230 $506.08 $926.17 $1,432.25 $150,896.39
Oct, 2041 231 $502.99 $929.26 $1,432.25 $149,967.13
Nov, 2041 232 $499.89 $932.36 $1,432.25 $149,034.78
Dec, 2041 233 $496.78 $935.46 $1,432.25 $148,099.31
Jan, 2042 234 $493.66 $938.58 $1,432.25 $147,160.73
Feb, 2042 235 $490.54 $941.71 $1,432.25 $146,219.02
Mar, 2042 236 $487.40 $944.85 $1,432.25 $145,274.17
Apr, 2042 237 $484.25 $948.00 $1,432.25 $144,326.17
May, 2042 238 $481.09 $951.16 $1,432.25 $143,375.02
Jun, 2042 239 $477.92 $954.33 $1,432.25 $142,420.69
Jul, 2042 240 $474.74 $957.51 $1,432.25 $141,463.18
Aug, 2042 241 $471.54 $960.70 $1,432.25 $140,502.47
Sep, 2042 242 $468.34 $963.90 $1,432.25 $139,538.57
Oct, 2042 243 $465.13 $967.12 $1,432.25 $138,571.45
Nov, 2042 244 $461.90 $970.34 $1,432.25 $137,601.11
Dec, 2042 245 $458.67 $973.58 $1,432.25 $136,627.54
Jan, 2043 246 $455.43 $976.82 $1,432.25 $135,650.72
Feb, 2043 247 $452.17 $980.08 $1,432.25 $134,670.64
Mar, 2043 248 $448.90 $983.34 $1,432.25 $133,687.30
Apr, 2043 249 $445.62 $986.62 $1,432.25 $132,700.67
May, 2043 250 $442.34 $989.91 $1,432.25 $131,710.76
Jun, 2043 251 $439.04 $993.21 $1,432.25 $130,717.55
Jul, 2043 252 $435.73 $996.52 $1,432.25 $129,721.03
Aug, 2043 253 $432.40 $999.84 $1,432.25 $128,721.19
Sep, 2043 254 $429.07 $1,003.18 $1,432.25 $127,718.01
Oct, 2043 255 $425.73 $1,006.52 $1,432.25 $126,711.50
Nov, 2043 256 $422.37 $1,009.87 $1,432.25 $125,701.62
Dec, 2043 257 $419.01 $1,013.24 $1,432.25 $124,688.38
Jan, 2044 258 $415.63 $1,016.62 $1,432.25 $123,671.76
Feb, 2044 259 $412.24 $1,020.01 $1,432.25 $122,651.76
Mar, 2044 260 $408.84 $1,023.41 $1,432.25 $121,628.35
Apr, 2044 261 $405.43 $1,026.82 $1,432.25 $120,601.53
May, 2044 262 $402.01 $1,030.24 $1,432.25 $119,571.29
Jun, 2044 263 $398.57 $1,033.67 $1,432.25 $118,537.62
Jul, 2044 264 $395.13 $1,037.12 $1,432.25 $117,500.50
Aug, 2044 265 $391.67 $1,040.58 $1,432.25 $116,459.92
Sep, 2044 266 $388.20 $1,044.05 $1,432.25 $115,415.87
Oct, 2044 267 $384.72 $1,047.53 $1,432.25 $114,368.35
Nov, 2044 268 $381.23 $1,051.02 $1,432.25 $113,317.33
Dec, 2044 269 $377.72 $1,054.52 $1,432.25 $112,262.81
Jan, 2045 270 $374.21 $1,058.04 $1,432.25 $111,204.77
Feb, 2045 271 $370.68 $1,061.56 $1,432.25 $110,143.21
Mar, 2045 272 $367.14 $1,065.10 $1,432.25 $109,078.10
Apr, 2045 273 $363.59 $1,068.65 $1,432.25 $108,009.45
May, 2045 274 $360.03 $1,072.21 $1,432.25 $106,937.24
Jun, 2045 275 $356.46 $1,075.79 $1,432.25 $105,861.45
Jul, 2045 276 $352.87 $1,079.37 $1,432.25 $104,782.07
Aug, 2045 277 $349.27 $1,082.97 $1,432.25 $103,699.10
Sep, 2045 278 $345.66 $1,086.58 $1,432.25 $102,612.52
Oct, 2045 279 $342.04 $1,090.20 $1,432.25 $101,522.32
Nov, 2045 280 $338.41 $1,093.84 $1,432.25 $100,428.48
Dec, 2045 281 $334.76 $1,097.48 $1,432.25 $99,330.99
Jan, 2046 282 $331.10 $1,101.14 $1,432.25 $98,229.85
Feb, 2046 283 $327.43 $1,104.81 $1,432.25 $97,125.04
Mar, 2046 284 $323.75 $1,108.50 $1,432.25 $96,016.54
Apr, 2046 285 $320.06 $1,112.19 $1,432.25 $94,904.35
May, 2046 286 $316.35 $1,115.90 $1,432.25 $93,788.45
Jun, 2046 287 $312.63 $1,119.62 $1,432.25 $92,668.84
Jul, 2046 288 $308.90 $1,123.35 $1,432.25 $91,545.49
Aug, 2046 289 $305.15 $1,127.09 $1,432.25 $90,418.39
Sep, 2046 290 $301.39 $1,130.85 $1,432.25 $89,287.54
Oct, 2046 291 $297.63 $1,134.62 $1,432.25 $88,152.92
Nov, 2046 292 $293.84 $1,138.40 $1,432.25 $87,014.52
Dec, 2046 293 $290.05 $1,142.20 $1,432.25 $85,872.32
Jan, 2047 294 $286.24 $1,146.00 $1,432.25 $84,726.31
Feb, 2047 295 $282.42 $1,149.82 $1,432.25 $83,576.49
Mar, 2047 296 $278.59 $1,153.66 $1,432.25 $82,422.83
Apr, 2047 297 $274.74 $1,157.50 $1,432.25 $81,265.33
May, 2047 298 $270.88 $1,161.36 $1,432.25 $80,103.97
Jun, 2047 299 $267.01 $1,165.23 $1,432.25 $78,938.73
Jul, 2047 300 $263.13 $1,169.12 $1,432.25 $77,769.62
Aug, 2047 301 $259.23 $1,173.01 $1,432.25 $76,596.60
Sep, 2047 302 $255.32 $1,176.92 $1,432.25 $75,419.68
Oct, 2047 303 $251.40 $1,180.85 $1,432.25 $74,238.83
Nov, 2047 304 $247.46 $1,184.78 $1,432.25 $73,054.05
Dec, 2047 305 $243.51 $1,188.73 $1,432.25 $71,865.32
Jan, 2048 306 $239.55 $1,192.69 $1,432.25 $70,672.62
Feb, 2048 307 $235.58 $1,196.67 $1,432.25 $69,475.95
Mar, 2048 308 $231.59 $1,200.66 $1,432.25 $68,275.29
Apr, 2048 309 $227.58 $1,204.66 $1,432.25 $67,070.63
May, 2048 310 $223.57 $1,208.68 $1,432.25 $65,861.95
Jun, 2048 311 $219.54 $1,212.71 $1,432.25 $64,649.25
Jul, 2048 312 $215.50 $1,216.75 $1,432.25 $63,432.50
Aug, 2048 313 $211.44 $1,220.80 $1,432.25 $62,211.70
Sep, 2048 314 $207.37 $1,224.87 $1,432.25 $60,986.82
Oct, 2048 315 $203.29 $1,228.96 $1,432.25 $59,757.87
Nov, 2048 316 $199.19 $1,233.05 $1,432.25 $58,524.81
Dec, 2048 317 $195.08 $1,237.16 $1,432.25 $57,287.65
Jan, 2049 318 $190.96 $1,241.29 $1,432.25 $56,046.36
Feb, 2049 319 $186.82 $1,245.42 $1,432.25 $54,800.94
Mar, 2049 320 $182.67 $1,249.58 $1,432.25 $53,551.36
Apr, 2049 321 $178.50 $1,253.74 $1,432.25 $52,297.62
May, 2049 322 $174.33 $1,257.92 $1,432.25 $51,039.70
Jun, 2049 323 $170.13 $1,262.11 $1,432.25 $49,777.59
Jul, 2049 324 $165.93 $1,266.32 $1,432.25 $48,511.27
Aug, 2049 325 $161.70 $1,270.54 $1,432.25 $47,240.72
Sep, 2049 326 $157.47 $1,274.78 $1,432.25 $45,965.95
Oct, 2049 327 $153.22 $1,279.03 $1,432.25 $44,686.92
Nov, 2049 328 $148.96 $1,283.29 $1,432.25 $43,403.63
Dec, 2049 329 $144.68 $1,287.57 $1,432.25 $42,116.06
Jan, 2050 330 $140.39 $1,291.86 $1,432.25 $40,824.21
Feb, 2050 331 $136.08 $1,296.17 $1,432.25 $39,528.04
Mar, 2050 332 $131.76 $1,300.49 $1,432.25 $38,227.55
Apr, 2050 333 $127.43 $1,304.82 $1,432.25 $36,922.73
May, 2050 334 $123.08 $1,309.17 $1,432.25 $35,613.56
Jun, 2050 335 $118.71 $1,313.53 $1,432.25 $34,300.03
Jul, 2050 336 $114.33 $1,317.91 $1,432.25 $32,982.12
Aug, 2050 337 $109.94 $1,322.31 $1,432.25 $31,659.81
Sep, 2050 338 $105.53 $1,326.71 $1,432.25 $30,333.10
Oct, 2050 339 $101.11 $1,331.14 $1,432.25 $29,001.96
Nov, 2050 340 $96.67 $1,335.57 $1,432.25 $27,666.39
Dec, 2050 341 $92.22 $1,340.02 $1,432.25 $26,326.37
Jan, 2051 342 $87.75 $1,344.49 $1,432.25 $24,981.87
Feb, 2051 343 $83.27 $1,348.97 $1,432.25 $23,632.90
Mar, 2051 344 $78.78 $1,353.47 $1,432.25 $22,279.43
Apr, 2051 345 $74.26 $1,357.98 $1,432.25 $20,921.45
May, 2051 346 $69.74 $1,362.51 $1,432.25 $19,558.94
Jun, 2051 347 $65.20 $1,367.05 $1,432.25 $18,191.89
Jul, 2051 348 $60.64 $1,371.61 $1,432.25 $16,820.29
Aug, 2051 349 $56.07 $1,376.18 $1,432.25 $15,444.11
Sep, 2051 350 $51.48 $1,380.77 $1,432.25 $14,063.34
Oct, 2051 351 $46.88 $1,385.37 $1,432.25 $12,677.98
Nov, 2051 352 $42.26 $1,389.99 $1,432.25 $11,287.99
Dec, 2051 353 $37.63 $1,394.62 $1,432.25 $9,893.37
Jan, 2052 354 $32.98 $1,399.27 $1,432.25 $8,494.10
Feb, 2052 355 $28.31 $1,403.93 $1,432.25 $7,090.17
Mar, 2052 356 $23.63 $1,408.61 $1,432.25 $5,681.56
Apr, 2052 357 $18.94 $1,413.31 $1,432.25 $4,268.25
May, 2052 358 $14.23 $1,418.02 $1,432.25 $2,850.23
Jun, 2052 359 $9.50 $1,422.75 $1,432.25 $1,427.49
Jul, 2052 360 $4.76 $1,427.49 $1,432.25 $0.00

Amortization Schedule With Mortgage Points

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Aug, 2022 1 $812.50 $493.12 $1,305.62 $299,506.88
Sep, 2022 2 $811.16 $494.45 $1,305.62 $299,012.43
Oct, 2022 3 $809.83 $495.79 $1,305.62 $298,516.63
Nov, 2022 4 $808.48 $497.14 $1,305.62 $298,019.50
Dec, 2022 5 $807.14 $498.48 $1,305.62 $297,521.01
Jan, 2023 6 $805.79 $499.83 $1,305.62 $297,021.18
Feb, 2023 7 $804.43 $501.19 $1,305.62 $296,519.99
Mar, 2023 8 $803.07 $502.54 $1,305.62 $296,017.45
Apr, 2023 9 $801.71 $503.91 $1,305.62 $295,513.55
May, 2023 10 $800.35 $505.27 $1,305.62 $295,008.28
Jun, 2023 11 $798.98 $506.64 $1,305.62 $294,501.64
Jul, 2023 12 $797.61 $508.01 $1,305.62 $293,993.63
Aug, 2023 13 $796.23 $509.39 $1,305.62 $293,484.24
Sep, 2023 14 $794.85 $510.77 $1,305.62 $292,973.47
Oct, 2023 15 $793.47 $512.15 $1,305.62 $292,461.33
Nov, 2023 16 $792.08 $513.54 $1,305.62 $291,947.79
Dec, 2023 17 $790.69 $514.93 $1,305.62 $291,432.86
Jan, 2024 18 $789.30 $516.32 $1,305.62 $290,916.54
Feb, 2024 19 $787.90 $517.72 $1,305.62 $290,398.82
Mar, 2024 20 $786.50 $519.12 $1,305.62 $289,879.70
Apr, 2024 21 $785.09 $520.53 $1,305.62 $289,359.17
May, 2024 22 $783.68 $521.94 $1,305.62 $288,837.23
Jun, 2024 23 $782.27 $523.35 $1,305.62 $288,313.88
Jul, 2024 24 $780.85 $524.77 $1,305.62 $287,789.11
Aug, 2024 25 $779.43 $526.19 $1,305.62 $287,262.92
Sep, 2024 26 $778.00 $527.62 $1,305.62 $286,735.31
Oct, 2024 27 $776.57 $529.04 $1,305.62 $286,206.26
Nov, 2024 28 $775.14 $530.48 $1,305.62 $285,675.79
Dec, 2024 29 $773.71 $531.91 $1,305.62 $285,143.87
Jan, 2025 30 $772.26 $533.35 $1,305.62 $284,610.52
Feb, 2025 31 $770.82 $534.80 $1,305.62 $284,075.72
Mar, 2025 32 $769.37 $536.25 $1,305.62 $283,539.47
Apr, 2025 33 $767.92 $537.70 $1,305.62 $283,001.77
May, 2025 34 $766.46 $539.16 $1,305.62 $282,462.62
Jun, 2025 35 $765.00 $540.62 $1,305.62 $281,922.00
Jul, 2025 36 $763.54 $542.08 $1,305.62 $281,379.92
Aug, 2025 37 $762.07 $543.55 $1,305.62 $280,836.37
Sep, 2025 38 $760.60 $545.02 $1,305.62 $280,291.35
Oct, 2025 39 $759.12 $546.50 $1,305.62 $279,744.85
Nov, 2025 40 $757.64 $547.98 $1,305.62 $279,196.88
Dec, 2025 41 $756.16 $549.46 $1,305.62 $278,647.42
Jan, 2026 42 $754.67 $550.95 $1,305.62 $278,096.47
Feb, 2026 43 $753.18 $552.44 $1,305.62 $277,544.03
Mar, 2026 44 $751.68 $553.94 $1,305.62 $276,990.09
Apr, 2026 45 $750.18 $555.44 $1,305.62 $276,434.65
May, 2026 46 $748.68 $556.94 $1,305.62 $275,877.71
Jun, 2026 47 $747.17 $558.45 $1,305.62 $275,319.26
Jul, 2026 48 $745.66 $559.96 $1,305.62 $274,759.30
Aug, 2026 49 $744.14 $561.48 $1,305.62 $274,197.82
Sep, 2026 50 $742.62 $563.00 $1,305.62 $273,634.82
Oct, 2026 51 $741.09 $564.52 $1,305.62 $273,070.29
Nov, 2026 52 $739.57 $566.05 $1,305.62 $272,504.24
Dec, 2026 53 $738.03 $567.59 $1,305.62 $271,936.65
Jan, 2027 54 $736.50 $569.12 $1,305.62 $271,367.53
Feb, 2027 55 $734.95 $570.67 $1,305.62 $270,796.87
Mar, 2027 56 $733.41 $572.21 $1,305.62 $270,224.65
Apr, 2027 57 $731.86 $573.76 $1,305.62 $269,650.89
May, 2027 58 $730.30 $575.31 $1,305.62 $269,075.58
Jun, 2027 59 $728.75 $576.87 $1,305.62 $268,498.71
Jul, 2027 60 $727.18 $578.43 $1,305.62 $267,920.27
Aug, 2027 61 $725.62 $580.00 $1,305.62 $267,340.27
Sep, 2027 62 $724.05 $581.57 $1,305.62 $266,758.70
Oct, 2027 63 $722.47 $583.15 $1,305.62 $266,175.55
Nov, 2027 64 $720.89 $584.73 $1,305.62 $265,590.82
Dec, 2027 65 $719.31 $586.31 $1,305.62 $265,004.51
Jan, 2028 66 $717.72 $587.90 $1,305.62 $264,416.62
Feb, 2028 67 $716.13 $589.49 $1,305.62 $263,827.12
Mar, 2028 68 $714.53 $591.09 $1,305.62 $263,236.04
Apr, 2028 69 $712.93 $592.69 $1,305.62 $262,643.35
May, 2028 70 $711.33 $594.29 $1,305.62 $262,049.06
Jun, 2028 71 $709.72 $595.90 $1,305.62 $261,453.15
Jul, 2028 72 $708.10 $597.52 $1,305.62 $260,855.64
Aug, 2028 73 $706.48 $599.13 $1,305.62 $260,256.50
Sep, 2028 74 $704.86 $600.76 $1,305.62 $259,655.74
Oct, 2028 75 $703.23 $602.38 $1,305.62 $259,053.36
Nov, 2028 76 $701.60 $604.02 $1,305.62 $258,449.34
Dec, 2028 77 $699.97 $605.65 $1,305.62 $257,843.69
Jan, 2029 78 $698.33 $607.29 $1,305.62 $257,236.40
Feb, 2029 79 $696.68 $608.94 $1,305.62 $256,627.46
Mar, 2029 80 $695.03 $610.59 $1,305.62 $256,016.88
Apr, 2029 81 $693.38 $612.24 $1,305.62 $255,404.64
May, 2029 82 $691.72 $613.90 $1,305.62 $254,790.74
Jun, 2029 83 $690.06 $615.56 $1,305.62 $254,175.18
Jul, 2029 84 $688.39 $617.23 $1,305.62 $253,557.95
Aug, 2029 85 $686.72 $618.90 $1,305.62 $252,939.05
Sep, 2029 86 $685.04 $620.58 $1,305.62 $252,318.47
Oct, 2029 87 $683.36 $622.26 $1,305.62 $251,696.22
Nov, 2029 88 $681.68 $623.94 $1,305.62 $251,072.28
Dec, 2029 89 $679.99 $625.63 $1,305.62 $250,446.64
Jan, 2030 90 $678.29 $627.33 $1,305.62 $249,819.32
Feb, 2030 91 $676.59 $629.02 $1,305.62 $249,190.29
Mar, 2030 92 $674.89 $630.73 $1,305.62 $248,559.56
Apr, 2030 93 $673.18 $632.44 $1,305.62 $247,927.13
May, 2030 94 $671.47 $634.15 $1,305.62 $247,292.98
Jun, 2030 95 $669.75 $635.87 $1,305.62 $246,657.11
Jul, 2030 96 $668.03 $637.59 $1,305.62 $246,019.52
Aug, 2030 97 $666.30 $639.32 $1,305.62 $245,380.21
Sep, 2030 98 $664.57 $641.05 $1,305.62 $244,739.16
Oct, 2030 99 $662.84 $642.78 $1,305.62 $244,096.37
Nov, 2030 100 $661.09 $644.52 $1,305.62 $243,451.85
Dec, 2030 101 $659.35 $646.27 $1,305.62 $242,805.58
Jan, 2031 102 $657.60 $648.02 $1,305.62 $242,157.56
Feb, 2031 103 $655.84 $649.78 $1,305.62 $241,507.78
Mar, 2031 104 $654.08 $651.54 $1,305.62 $240,856.25
Apr, 2031 105 $652.32 $653.30 $1,305.62 $240,202.95
May, 2031 106 $650.55 $655.07 $1,305.62 $239,547.88
Jun, 2031 107 $648.78 $656.84 $1,305.62 $238,891.04
Jul, 2031 108 $647.00 $658.62 $1,305.62 $238,232.41
Aug, 2031 109 $645.21 $660.41 $1,305.62 $237,572.01
Sep, 2031 110 $643.42 $662.19 $1,305.62 $236,909.81
Oct, 2031 111 $641.63 $663.99 $1,305.62 $236,245.82
Nov, 2031 112 $639.83 $665.79 $1,305.62 $235,580.04
Dec, 2031 113 $638.03 $667.59 $1,305.62 $234,912.45
Jan, 2032 114 $636.22 $669.40 $1,305.62 $234,243.05
Feb, 2032 115 $634.41 $671.21 $1,305.62 $233,571.84
Mar, 2032 116 $632.59 $673.03 $1,305.62 $232,898.81
Apr, 2032 117 $630.77 $674.85 $1,305.62 $232,223.96
May, 2032 118 $628.94 $676.68 $1,305.62 $231,547.28
Jun, 2032 119 $627.11 $678.51 $1,305.62 $230,868.77
Jul, 2032 120 $625.27 $680.35 $1,305.62 $230,188.42
Aug, 2032 121 $623.43 $682.19 $1,305.62 $229,506.23
Sep, 2032 122 $621.58 $684.04 $1,305.62 $228,822.19
Oct, 2032 123 $619.73 $685.89 $1,305.62 $228,136.30
Nov, 2032 124 $617.87 $687.75 $1,305.62 $227,448.55
Dec, 2032 125 $616.01 $689.61 $1,305.62 $226,758.93
Jan, 2033 126 $614.14 $691.48 $1,305.62 $226,067.45
Feb, 2033 127 $612.27 $693.35 $1,305.62 $225,374.10
Mar, 2033 128 $610.39 $695.23 $1,305.62 $224,678.87
Apr, 2033 129 $608.51 $697.11 $1,305.62 $223,981.76
May, 2033 130 $606.62 $699.00 $1,305.62 $223,282.75
Jun, 2033 131 $604.72 $700.89 $1,305.62 $222,581.86
Jul, 2033 132 $602.83 $702.79 $1,305.62 $221,879.07
Aug, 2033 133 $600.92 $704.70 $1,305.62 $221,174.37
Sep, 2033 134 $599.01 $706.61 $1,305.62 $220,467.76
Oct, 2033 135 $597.10 $708.52 $1,305.62 $219,759.25
Nov, 2033 136 $595.18 $710.44 $1,305.62 $219,048.81
Dec, 2033 137 $593.26 $712.36 $1,305.62 $218,336.45
Jan, 2034 138 $591.33 $714.29 $1,305.62 $217,622.16
Feb, 2034 139 $589.39 $716.23 $1,305.62 $216,905.93
Mar, 2034 140 $587.45 $718.17 $1,305.62 $216,187.76
Apr, 2034 141 $585.51 $720.11 $1,305.62 $215,467.65
May, 2034 142 $583.56 $722.06 $1,305.62 $214,745.59
Jun, 2034 143 $581.60 $724.02 $1,305.62 $214,021.58
Jul, 2034 144 $579.64 $725.98 $1,305.62 $213,295.60
Aug, 2034 145 $577.68 $727.94 $1,305.62 $212,567.66
Sep, 2034 146 $575.70 $729.91 $1,305.62 $211,837.74
Oct, 2034 147 $573.73 $731.89 $1,305.62 $211,105.85
Nov, 2034 148 $571.75 $733.87 $1,305.62 $210,371.98
Dec, 2034 149 $569.76 $735.86 $1,305.62 $209,636.11
Jan, 2035 150 $567.76 $737.85 $1,305.62 $208,898.26
Feb, 2035 151 $565.77 $739.85 $1,305.62 $208,158.41
Mar, 2035 152 $563.76 $741.86 $1,305.62 $207,416.55
Apr, 2035 153 $561.75 $743.87 $1,305.62 $206,672.68
May, 2035 154 $559.74 $745.88 $1,305.62 $205,926.80
Jun, 2035 155 $557.72 $747.90 $1,305.62 $205,178.90
Jul, 2035 156 $555.69 $749.93 $1,305.62 $204,428.98
Aug, 2035 157 $553.66 $751.96 $1,305.62 $203,677.02
Sep, 2035 158 $551.63 $753.99 $1,305.62 $202,923.03
Oct, 2035 159 $549.58 $756.04 $1,305.62 $202,166.99
Nov, 2035 160 $547.54 $758.08 $1,305.62 $201,408.91
Dec, 2035 161 $545.48 $760.14 $1,305.62 $200,648.77
Jan, 2036 162 $543.42 $762.20 $1,305.62 $199,886.58
Feb, 2036 163 $541.36 $764.26 $1,305.62 $199,122.32
Mar, 2036 164 $539.29 $766.33 $1,305.62 $198,355.99
Apr, 2036 165 $537.21 $768.40 $1,305.62 $197,587.58
May, 2036 166 $535.13 $770.49 $1,305.62 $196,817.10
Jun, 2036 167 $533.05 $772.57 $1,305.62 $196,044.52
Jul, 2036 168 $530.95 $774.67 $1,305.62 $195,269.86
Aug, 2036 169 $528.86 $776.76 $1,305.62 $194,493.10
Sep, 2036 170 $526.75 $778.87 $1,305.62 $193,714.23
Oct, 2036 171 $524.64 $780.98 $1,305.62 $192,933.25
Nov, 2036 172 $522.53 $783.09 $1,305.62 $192,150.16
Dec, 2036 173 $520.41 $785.21 $1,305.62 $191,364.95
Jan, 2037 174 $518.28 $787.34 $1,305.62 $190,577.61
Feb, 2037 175 $516.15 $789.47 $1,305.62 $189,788.14
Mar, 2037 176 $514.01 $791.61 $1,305.62 $188,996.53
Apr, 2037 177 $511.87 $793.75 $1,305.62 $188,202.78
May, 2037 178 $509.72 $795.90 $1,305.62 $187,406.87
Jun, 2037 179 $507.56 $798.06 $1,305.62 $186,608.81
Jul, 2037 180 $505.40 $800.22 $1,305.62 $185,808.59
Aug, 2037 181 $503.23 $802.39 $1,305.62 $185,006.21
Sep, 2037 182 $501.06 $804.56 $1,305.62 $184,201.65
Oct, 2037 183 $498.88 $806.74 $1,305.62 $183,394.91
Nov, 2037 184 $496.69 $808.92 $1,305.62 $182,585.98
Dec, 2037 185 $494.50 $811.12 $1,305.62 $181,774.87
Jan, 2038 186 $492.31 $813.31 $1,305.62 $180,961.55
Feb, 2038 187 $490.10 $815.51 $1,305.62 $180,146.04
Mar, 2038 188 $487.90 $817.72 $1,305.62 $179,328.32
Apr, 2038 189 $485.68 $819.94 $1,305.62 $178,508.38
May, 2038 190 $483.46 $822.16 $1,305.62 $177,686.22
Jun, 2038 191 $481.23 $824.39 $1,305.62 $176,861.83
Jul, 2038 192 $479.00 $826.62 $1,305.62 $176,035.22
Aug, 2038 193 $476.76 $828.86 $1,305.62 $175,206.36
Sep, 2038 194 $474.52 $831.10 $1,305.62 $174,375.26
Oct, 2038 195 $472.27 $833.35 $1,305.62 $173,541.90
Nov, 2038 196 $470.01 $835.61 $1,305.62 $172,706.30
Dec, 2038 197 $467.75 $837.87 $1,305.62 $171,868.42
Jan, 2039 198 $465.48 $840.14 $1,305.62 $171,028.28
Feb, 2039 199 $463.20 $842.42 $1,305.62 $170,185.86
Mar, 2039 200 $460.92 $844.70 $1,305.62 $169,341.16
Apr, 2039 201 $458.63 $846.99 $1,305.62 $168,494.18
May, 2039 202 $456.34 $849.28 $1,305.62 $167,644.90
Jun, 2039 203 $454.04 $851.58 $1,305.62 $166,793.32
Jul, 2039 204 $451.73 $853.89 $1,305.62 $165,939.43
Aug, 2039 205 $449.42 $856.20 $1,305.62 $165,083.23
Sep, 2039 206 $447.10 $858.52 $1,305.62 $164,224.71
Oct, 2039 207 $444.78 $860.84 $1,305.62 $163,363.87
Nov, 2039 208 $442.44 $863.18 $1,305.62 $162,500.69
Dec, 2039 209 $440.11 $865.51 $1,305.62 $161,635.18
Jan, 2040 210 $437.76 $867.86 $1,305.62 $160,767.32
Feb, 2040 211 $435.41 $870.21 $1,305.62 $159,897.11
Mar, 2040 212 $433.05 $872.56 $1,305.62 $159,024.55
Apr, 2040 213 $430.69 $874.93 $1,305.62 $158,149.62
May, 2040 214 $428.32 $877.30 $1,305.62 $157,272.33
Jun, 2040 215 $425.95 $879.67 $1,305.62 $156,392.65
Jul, 2040 216 $423.56 $882.06 $1,305.62 $155,510.60
Aug, 2040 217 $421.17 $884.44 $1,305.62 $154,626.15
Sep, 2040 218 $418.78 $886.84 $1,305.62 $153,739.31
Oct, 2040 219 $416.38 $889.24 $1,305.62 $152,850.07
Nov, 2040 220 $413.97 $891.65 $1,305.62 $151,958.42
Dec, 2040 221 $411.55 $894.06 $1,305.62 $151,064.36
Jan, 2041 222 $409.13 $896.49 $1,305.62 $150,167.87
Feb, 2041 223 $406.70 $898.91 $1,305.62 $149,268.96
Mar, 2041 224 $404.27 $901.35 $1,305.62 $148,367.61
Apr, 2041 225 $401.83 $903.79 $1,305.62 $147,463.82
May, 2041 226 $399.38 $906.24 $1,305.62 $146,557.58
Jun, 2041 227 $396.93 $908.69 $1,305.62 $145,648.89
Jul, 2041 228 $394.47 $911.15 $1,305.62 $144,737.73
Aug, 2041 229 $392.00 $913.62 $1,305.62 $143,824.11
Sep, 2041 230 $389.52 $916.10 $1,305.62 $142,908.02
Oct, 2041 231 $387.04 $918.58 $1,305.62 $141,989.44
Nov, 2041 232 $384.55 $921.06 $1,305.62 $141,068.38
Dec, 2041 233 $382.06 $923.56 $1,305.62 $140,144.82
Jan, 2042 234 $379.56 $926.06 $1,305.62 $139,218.76
Feb, 2042 235 $377.05 $928.57 $1,305.62 $138,290.19
Mar, 2042 236 $374.54 $931.08 $1,305.62 $137,359.11
Apr, 2042 237 $372.01 $933.60 $1,305.62 $136,425.50
May, 2042 238 $369.49 $936.13 $1,305.62 $135,489.37
Jun, 2042 239 $366.95 $938.67 $1,305.62 $134,550.70
Jul, 2042 240 $364.41 $941.21 $1,305.62 $133,609.49
Aug, 2042 241 $361.86 $943.76 $1,305.62 $132,665.73
Sep, 2042 242 $359.30 $946.32 $1,305.62 $131,719.41
Oct, 2042 243 $356.74 $948.88 $1,305.62 $130,770.53
Nov, 2042 244 $354.17 $951.45 $1,305.62 $129,819.09
Dec, 2042 245 $351.59 $954.03 $1,305.62 $128,865.06
Jan, 2043 246 $349.01 $956.61 $1,305.62 $127,908.45
Feb, 2043 247 $346.42 $959.20 $1,305.62 $126,949.25
Mar, 2043 248 $343.82 $961.80 $1,305.62 $125,987.45
Apr, 2043 249 $341.22 $964.40 $1,305.62 $125,023.05
May, 2043 250 $338.60 $967.01 $1,305.62 $124,056.03
Jun, 2043 251 $335.99 $969.63 $1,305.62 $123,086.40
Jul, 2043 252 $333.36 $972.26 $1,305.62 $122,114.14
Aug, 2043 253 $330.73 $974.89 $1,305.62 $121,139.25
Sep, 2043 254 $328.09 $977.53 $1,305.62 $120,161.71
Oct, 2043 255 $325.44 $980.18 $1,305.62 $119,181.53
Nov, 2043 256 $322.78 $982.84 $1,305.62 $118,198.70
Dec, 2043 257 $320.12 $985.50 $1,305.62 $117,213.20
Jan, 2044 258 $317.45 $988.17 $1,305.62 $116,225.03
Feb, 2044 259 $314.78 $990.84 $1,305.62 $115,234.19
Mar, 2044 260 $312.09 $993.53 $1,305.62 $114,240.66
Apr, 2044 261 $309.40 $996.22 $1,305.62 $113,244.45
May, 2044 262 $306.70 $998.92 $1,305.62 $112,245.53
Jun, 2044 263 $304.00 $1,001.62 $1,305.62 $111,243.91
Jul, 2044 264 $301.29 $1,004.33 $1,305.62 $110,239.58
Aug, 2044 265 $298.57 $1,007.05 $1,305.62 $109,232.52
Sep, 2044 266 $295.84 $1,009.78 $1,305.62 $108,222.74
Oct, 2044 267 $293.10 $1,012.52 $1,305.62 $107,210.23
Nov, 2044 268 $290.36 $1,015.26 $1,305.62 $106,194.97
Dec, 2044 269 $287.61 $1,018.01 $1,305.62 $105,176.96
Jan, 2045 270 $284.85 $1,020.76 $1,305.62 $104,156.20
Feb, 2045 271 $282.09 $1,023.53 $1,305.62 $103,132.67
Mar, 2045 272 $279.32 $1,026.30 $1,305.62 $102,106.37
Apr, 2045 273 $276.54 $1,029.08 $1,305.62 $101,077.29
May, 2045 274 $273.75 $1,031.87 $1,305.62 $100,045.42
Jun, 2045 275 $270.96 $1,034.66 $1,305.62 $99,010.76
Jul, 2045 276 $268.15 $1,037.46 $1,305.62 $97,973.29
Aug, 2045 277 $265.34 $1,040.27 $1,305.62 $96,933.02
Sep, 2045 278 $262.53 $1,043.09 $1,305.62 $95,889.92
Oct, 2045 279 $259.70 $1,045.92 $1,305.62 $94,844.01
Nov, 2045 280 $256.87 $1,048.75 $1,305.62 $93,795.26
Dec, 2045 281 $254.03 $1,051.59 $1,305.62 $92,743.67
Jan, 2046 282 $251.18 $1,054.44 $1,305.62 $91,689.23
Feb, 2046 283 $248.32 $1,057.29 $1,305.62 $90,631.94
Mar, 2046 284 $245.46 $1,060.16 $1,305.62 $89,571.78
Apr, 2046 285 $242.59 $1,063.03 $1,305.62 $88,508.75
May, 2046 286 $239.71 $1,065.91 $1,305.62 $87,442.84
Jun, 2046 287 $236.82 $1,068.79 $1,305.62 $86,374.05
Jul, 2046 288 $233.93 $1,071.69 $1,305.62 $85,302.36
Aug, 2046 289 $231.03 $1,074.59 $1,305.62 $84,227.77
Sep, 2046 290 $228.12 $1,077.50 $1,305.62 $83,150.26
Oct, 2046 291 $225.20 $1,080.42 $1,305.62 $82,069.84
Nov, 2046 292 $222.27 $1,083.35 $1,305.62 $80,986.50
Dec, 2046 293 $219.34 $1,086.28 $1,305.62 $79,900.22
Jan, 2047 294 $216.40 $1,089.22 $1,305.62 $78,810.99
Feb, 2047 295 $213.45 $1,092.17 $1,305.62 $77,718.82
Mar, 2047 296 $210.49 $1,095.13 $1,305.62 $76,623.69
Apr, 2047 297 $207.52 $1,098.10 $1,305.62 $75,525.59
May, 2047 298 $204.55 $1,101.07 $1,305.62 $74,424.52
Jun, 2047 299 $201.57 $1,104.05 $1,305.62 $73,320.47
Jul, 2047 300 $198.58 $1,107.04 $1,305.62 $72,213.43
Aug, 2047 301 $195.58 $1,110.04 $1,305.62 $71,103.39
Sep, 2047 302 $192.57 $1,113.05 $1,305.62 $69,990.34
Oct, 2047 303 $189.56 $1,116.06 $1,305.62 $68,874.28
Nov, 2047 304 $186.53 $1,119.08 $1,305.62 $67,755.19
Dec, 2047 305 $183.50 $1,122.12 $1,305.62 $66,633.08
Jan, 2048 306 $180.46 $1,125.15 $1,305.62 $65,507.92
Feb, 2048 307 $177.42 $1,128.20 $1,305.62 $64,379.72
Mar, 2048 308 $174.36 $1,131.26 $1,305.62 $63,248.47
Apr, 2048 309 $171.30 $1,134.32 $1,305.62 $62,114.14
May, 2048 310 $168.23 $1,137.39 $1,305.62 $60,976.75
Jun, 2048 311 $165.15 $1,140.47 $1,305.62 $59,836.28
Jul, 2048 312 $162.06 $1,143.56 $1,305.62 $58,692.72
Aug, 2048 313 $158.96 $1,146.66 $1,305.62 $57,546.06
Sep, 2048 314 $155.85 $1,149.77 $1,305.62 $56,396.29
Oct, 2048 315 $152.74 $1,152.88 $1,305.62 $55,243.41
Nov, 2048 316 $149.62 $1,156.00 $1,305.62 $54,087.41
Dec, 2048 317 $146.49 $1,159.13 $1,305.62 $52,928.28
Jan, 2049 318 $143.35 $1,162.27 $1,305.62 $51,766.01
Feb, 2049 319 $140.20 $1,165.42 $1,305.62 $50,600.59
Mar, 2049 320 $137.04 $1,168.58 $1,305.62 $49,432.01
Apr, 2049 321 $133.88 $1,171.74 $1,305.62 $48,260.27
May, 2049 322 $130.70 $1,174.91 $1,305.62 $47,085.36
Jun, 2049 323 $127.52 $1,178.10 $1,305.62 $45,907.26
Jul, 2049 324 $124.33 $1,181.29 $1,305.62 $44,725.97
Aug, 2049 325 $121.13 $1,184.49 $1,305.62 $43,541.49
Sep, 2049 326 $117.92 $1,187.69 $1,305.62 $42,353.79
Oct, 2049 327 $114.71 $1,190.91 $1,305.62 $41,162.88
Nov, 2049 328 $111.48 $1,194.14 $1,305.62 $39,968.75
Dec, 2049 329 $108.25 $1,197.37 $1,305.62 $38,771.38
Jan, 2050 330 $105.01 $1,200.61 $1,305.62 $37,570.76
Feb, 2050 331 $101.75 $1,203.86 $1,305.62 $36,366.90
Mar, 2050 332 $98.49 $1,207.13 $1,305.62 $35,159.77
Apr, 2050 333 $95.22 $1,210.39 $1,305.62 $33,949.38
May, 2050 334 $91.95 $1,213.67 $1,305.62 $32,735.71
Jun, 2050 335 $88.66 $1,216.96 $1,305.62 $31,518.75
Jul, 2050 336 $85.36 $1,220.26 $1,305.62 $30,298.49
Aug, 2050 337 $82.06 $1,223.56 $1,305.62 $29,074.93
Sep, 2050 338 $78.74 $1,226.87 $1,305.62 $27,848.06
Oct, 2050 339 $75.42 $1,230.20 $1,305.62 $26,617.86
Nov, 2050 340 $72.09 $1,233.53 $1,305.62 $25,384.33
Dec, 2050 341 $68.75 $1,236.87 $1,305.62 $24,147.46
Jan, 2051 342 $65.40 $1,240.22 $1,305.62 $22,907.24
Feb, 2051 343 $62.04 $1,243.58 $1,305.62 $21,663.66
Mar, 2051 344 $58.67 $1,246.95 $1,305.62 $20,416.72
Apr, 2051 345 $55.30 $1,250.32 $1,305.62 $19,166.39
May, 2051 346 $51.91 $1,253.71 $1,305.62 $17,912.68
Jun, 2051 347 $48.51 $1,257.11 $1,305.62 $16,655.58
Jul, 2051 348 $45.11 $1,260.51 $1,305.62 $15,395.07
Aug, 2051 349 $41.69 $1,263.92 $1,305.62 $14,131.14
Sep, 2051 350 $38.27 $1,267.35 $1,305.62 $12,863.80
Oct, 2051 351 $34.84 $1,270.78 $1,305.62 $11,593.02
Nov, 2051 352 $31.40 $1,274.22 $1,305.62 $10,318.79
Dec, 2051 353 $27.95 $1,277.67 $1,305.62 $9,041.12
Jan, 2052 354 $24.49 $1,281.13 $1,305.62 $7,759.99
Feb, 2052 355 $21.02 $1,284.60 $1,305.62 $6,475.39
Mar, 2052 356 $17.54 $1,288.08 $1,305.62 $5,187.31
Apr, 2052 357 $14.05 $1,291.57 $1,305.62 $3,895.74
May, 2052 358 $10.55 $1,295.07 $1,305.62 $2,600.67
Jun, 2052 359 $7.04 $1,298.58 $1,305.62 $1,302.09
Jul, 2052 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 Jul, 2052 Jul, 2052

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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