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 discount point 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

Discount Point Calculator

Monthly Payment Without Points:
$1,432.25
Monthly Payment With Points:
$1,305.62
Payoff Date:
Feb, 2053
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
Mar, 2023 1 $1,000.00 $432.25 $1,432.25 $299,567.75
Apr, 2023 2 $998.56 $433.69 $1,432.25 $299,134.07
May, 2023 3 $997.11 $435.13 $1,432.25 $298,698.94
Jun, 2023 4 $995.66 $436.58 $1,432.25 $298,262.35
Jul, 2023 5 $994.21 $438.04 $1,432.25 $297,824.31
Aug, 2023 6 $992.75 $439.50 $1,432.25 $297,384.82
Sep, 2023 7 $991.28 $440.96 $1,432.25 $296,943.85
Oct, 2023 8 $989.81 $442.43 $1,432.25 $296,501.42
Nov, 2023 9 $988.34 $443.91 $1,432.25 $296,057.51
Dec, 2023 10 $986.86 $445.39 $1,432.25 $295,612.12
Jan, 2024 11 $985.37 $446.87 $1,432.25 $295,165.25
Feb, 2024 12 $983.88 $448.36 $1,432.25 $294,716.89
Mar, 2024 13 $982.39 $449.86 $1,432.25 $294,267.03
Apr, 2024 14 $980.89 $451.36 $1,432.25 $293,815.68
May, 2024 15 $979.39 $452.86 $1,432.25 $293,362.82
Jun, 2024 16 $977.88 $454.37 $1,432.25 $292,908.45
Jul, 2024 17 $976.36 $455.88 $1,432.25 $292,452.56
Aug, 2024 18 $974.84 $457.40 $1,432.25 $291,995.16
Sep, 2024 19 $973.32 $458.93 $1,432.25 $291,536.23
Oct, 2024 20 $971.79 $460.46 $1,432.25 $291,075.77
Nov, 2024 21 $970.25 $461.99 $1,432.25 $290,613.78
Dec, 2024 22 $968.71 $463.53 $1,432.25 $290,150.25
Jan, 2025 23 $967.17 $465.08 $1,432.25 $289,685.17
Feb, 2025 24 $965.62 $466.63 $1,432.25 $289,218.54
Mar, 2025 25 $964.06 $468.18 $1,432.25 $288,750.36
Apr, 2025 26 $962.50 $469.74 $1,432.25 $288,280.61
May, 2025 27 $960.94 $471.31 $1,432.25 $287,809.30
Jun, 2025 28 $959.36 $472.88 $1,432.25 $287,336.42
Jul, 2025 29 $957.79 $474.46 $1,432.25 $286,861.96
Aug, 2025 30 $956.21 $476.04 $1,432.25 $286,385.92
Sep, 2025 31 $954.62 $477.63 $1,432.25 $285,908.30
Oct, 2025 32 $953.03 $479.22 $1,432.25 $285,429.08
Nov, 2025 33 $951.43 $480.82 $1,432.25 $284,948.26
Dec, 2025 34 $949.83 $482.42 $1,432.25 $284,465.84
Jan, 2026 35 $948.22 $484.03 $1,432.25 $283,981.82
Feb, 2026 36 $946.61 $485.64 $1,432.25 $283,496.18
Mar, 2026 37 $944.99 $487.26 $1,432.25 $283,008.92
Apr, 2026 38 $943.36 $488.88 $1,432.25 $282,520.04
May, 2026 39 $941.73 $490.51 $1,432.25 $282,029.52
Jun, 2026 40 $940.10 $492.15 $1,432.25 $281,537.38
Jul, 2026 41 $938.46 $493.79 $1,432.25 $281,043.59
Aug, 2026 42 $936.81 $495.43 $1,432.25 $280,548.15
Sep, 2026 43 $935.16 $497.09 $1,432.25 $280,051.07
Oct, 2026 44 $933.50 $498.74 $1,432.25 $279,552.33
Nov, 2026 45 $931.84 $500.40 $1,432.25 $279,051.92
Dec, 2026 46 $930.17 $502.07 $1,432.25 $278,549.85
Jan, 2027 47 $928.50 $503.75 $1,432.25 $278,046.10
Feb, 2027 48 $926.82 $505.43 $1,432.25 $277,540.68
Mar, 2027 49 $925.14 $507.11 $1,432.25 $277,033.57
Apr, 2027 50 $923.45 $508.80 $1,432.25 $276,524.77
May, 2027 51 $921.75 $510.50 $1,432.25 $276,014.27
Jun, 2027 52 $920.05 $512.20 $1,432.25 $275,502.07
Jul, 2027 53 $918.34 $513.91 $1,432.25 $274,988.16
Aug, 2027 54 $916.63 $515.62 $1,432.25 $274,472.55
Sep, 2027 55 $914.91 $517.34 $1,432.25 $273,955.21
Oct, 2027 56 $913.18 $519.06 $1,432.25 $273,436.15
Nov, 2027 57 $911.45 $520.79 $1,432.25 $272,915.35
Dec, 2027 58 $909.72 $522.53 $1,432.25 $272,392.83
Jan, 2028 59 $907.98 $524.27 $1,432.25 $271,868.56
Feb, 2028 60 $906.23 $526.02 $1,432.25 $271,342.54
Mar, 2028 61 $904.48 $527.77 $1,432.25 $270,814.77
Apr, 2028 62 $902.72 $529.53 $1,432.25 $270,285.24
May, 2028 63 $900.95 $531.30 $1,432.25 $269,753.94
Jun, 2028 64 $899.18 $533.07 $1,432.25 $269,220.88
Jul, 2028 65 $897.40 $534.84 $1,432.25 $268,686.03
Aug, 2028 66 $895.62 $536.63 $1,432.25 $268,149.41
Sep, 2028 67 $893.83 $538.41 $1,432.25 $267,610.99
Oct, 2028 68 $892.04 $540.21 $1,432.25 $267,070.79
Nov, 2028 69 $890.24 $542.01 $1,432.25 $266,528.78
Dec, 2028 70 $888.43 $543.82 $1,432.25 $265,984.96
Jan, 2029 71 $886.62 $545.63 $1,432.25 $265,439.33
Feb, 2029 72 $884.80 $547.45 $1,432.25 $264,891.88
Mar, 2029 73 $882.97 $549.27 $1,432.25 $264,342.61
Apr, 2029 74 $881.14 $551.10 $1,432.25 $263,791.50
May, 2029 75 $879.31 $552.94 $1,432.25 $263,238.56
Jun, 2029 76 $877.46 $554.78 $1,432.25 $262,683.78
Jul, 2029 77 $875.61 $556.63 $1,432.25 $262,127.15
Aug, 2029 78 $873.76 $558.49 $1,432.25 $261,568.66
Sep, 2029 79 $871.90 $560.35 $1,432.25 $261,008.31
Oct, 2029 80 $870.03 $562.22 $1,432.25 $260,446.09
Nov, 2029 81 $868.15 $564.09 $1,432.25 $259,882.00
Dec, 2029 82 $866.27 $565.97 $1,432.25 $259,316.02
Jan, 2030 83 $864.39 $567.86 $1,432.25 $258,748.16
Feb, 2030 84 $862.49 $569.75 $1,432.25 $258,178.41
Mar, 2030 85 $860.59 $571.65 $1,432.25 $257,606.76
Apr, 2030 86 $858.69 $573.56 $1,432.25 $257,033.20
May, 2030 87 $856.78 $575.47 $1,432.25 $256,457.74
Jun, 2030 88 $854.86 $577.39 $1,432.25 $255,880.35
Jul, 2030 89 $852.93 $579.31 $1,432.25 $255,301.04
Aug, 2030 90 $851.00 $581.24 $1,432.25 $254,719.80
Sep, 2030 91 $849.07 $583.18 $1,432.25 $254,136.62
Oct, 2030 92 $847.12 $585.12 $1,432.25 $253,551.49
Nov, 2030 93 $845.17 $587.07 $1,432.25 $252,964.42
Dec, 2030 94 $843.21 $589.03 $1,432.25 $252,375.39
Jan, 2031 95 $841.25 $590.99 $1,432.25 $251,784.39
Feb, 2031 96 $839.28 $592.96 $1,432.25 $251,191.43
Mar, 2031 97 $837.30 $594.94 $1,432.25 $250,596.49
Apr, 2031 98 $835.32 $596.92 $1,432.25 $249,999.56
May, 2031 99 $833.33 $598.91 $1,432.25 $249,400.65
Jun, 2031 100 $831.34 $600.91 $1,432.25 $248,799.74
Jul, 2031 101 $829.33 $602.91 $1,432.25 $248,196.82
Aug, 2031 102 $827.32 $604.92 $1,432.25 $247,591.90
Sep, 2031 103 $825.31 $606.94 $1,432.25 $246,984.96
Oct, 2031 104 $823.28 $608.96 $1,432.25 $246,376.00
Nov, 2031 105 $821.25 $610.99 $1,432.25 $245,765.01
Dec, 2031 106 $819.22 $613.03 $1,432.25 $245,151.98
Jan, 2032 107 $817.17 $615.07 $1,432.25 $244,536.90
Feb, 2032 108 $815.12 $617.12 $1,432.25 $243,919.78
Mar, 2032 109 $813.07 $619.18 $1,432.25 $243,300.60
Apr, 2032 110 $811.00 $621.24 $1,432.25 $242,679.36
May, 2032 111 $808.93 $623.31 $1,432.25 $242,056.04
Jun, 2032 112 $806.85 $625.39 $1,432.25 $241,430.65
Jul, 2032 113 $804.77 $627.48 $1,432.25 $240,803.17
Aug, 2032 114 $802.68 $629.57 $1,432.25 $240,173.60
Sep, 2032 115 $800.58 $631.67 $1,432.25 $239,541.94
Oct, 2032 116 $798.47 $633.77 $1,432.25 $238,908.16
Nov, 2032 117 $796.36 $635.89 $1,432.25 $238,272.28
Dec, 2032 118 $794.24 $638.00 $1,432.25 $237,634.27
Jan, 2033 119 $792.11 $640.13 $1,432.25 $236,994.14
Feb, 2033 120 $789.98 $642.27 $1,432.25 $236,351.88
Mar, 2033 121 $787.84 $644.41 $1,432.25 $235,707.47
Apr, 2033 122 $785.69 $646.55 $1,432.25 $235,060.92
May, 2033 123 $783.54 $648.71 $1,432.25 $234,412.21
Jun, 2033 124 $781.37 $650.87 $1,432.25 $233,761.34
Jul, 2033 125 $779.20 $653.04 $1,432.25 $233,108.29
Aug, 2033 126 $777.03 $655.22 $1,432.25 $232,453.08
Sep, 2033 127 $774.84 $657.40 $1,432.25 $231,795.67
Oct, 2033 128 $772.65 $659.59 $1,432.25 $231,136.08
Nov, 2033 129 $770.45 $661.79 $1,432.25 $230,474.29
Dec, 2033 130 $768.25 $664.00 $1,432.25 $229,810.29
Jan, 2034 131 $766.03 $666.21 $1,432.25 $229,144.08
Feb, 2034 132 $763.81 $668.43 $1,432.25 $228,475.65
Mar, 2034 133 $761.59 $670.66 $1,432.25 $227,804.99
Apr, 2034 134 $759.35 $672.90 $1,432.25 $227,132.09
May, 2034 135 $757.11 $675.14 $1,432.25 $226,456.95
Jun, 2034 136 $754.86 $677.39 $1,432.25 $225,779.56
Jul, 2034 137 $752.60 $679.65 $1,432.25 $225,099.91
Aug, 2034 138 $750.33 $681.91 $1,432.25 $224,418.00
Sep, 2034 139 $748.06 $684.19 $1,432.25 $223,733.81
Oct, 2034 140 $745.78 $686.47 $1,432.25 $223,047.35
Nov, 2034 141 $743.49 $688.75 $1,432.25 $222,358.59
Dec, 2034 142 $741.20 $691.05 $1,432.25 $221,667.54
Jan, 2035 143 $738.89 $693.35 $1,432.25 $220,974.19
Feb, 2035 144 $736.58 $695.67 $1,432.25 $220,278.52
Mar, 2035 145 $734.26 $697.98 $1,432.25 $219,580.54
Apr, 2035 146 $731.94 $700.31 $1,432.25 $218,880.23
May, 2035 147 $729.60 $702.65 $1,432.25 $218,177.58
Jun, 2035 148 $727.26 $704.99 $1,432.25 $217,472.60
Jul, 2035 149 $724.91 $707.34 $1,432.25 $216,765.26
Aug, 2035 150 $722.55 $709.70 $1,432.25 $216,055.56
Sep, 2035 151 $720.19 $712.06 $1,432.25 $215,343.50
Oct, 2035 152 $717.81 $714.43 $1,432.25 $214,629.07
Nov, 2035 153 $715.43 $716.82 $1,432.25 $213,912.25
Dec, 2035 154 $713.04 $719.21 $1,432.25 $213,193.05
Jan, 2036 155 $710.64 $721.60 $1,432.25 $212,471.45
Feb, 2036 156 $708.24 $724.01 $1,432.25 $211,747.44
Mar, 2036 157 $705.82 $726.42 $1,432.25 $211,021.02
Apr, 2036 158 $703.40 $728.84 $1,432.25 $210,292.17
May, 2036 159 $700.97 $731.27 $1,432.25 $209,560.90
Jun, 2036 160 $698.54 $733.71 $1,432.25 $208,827.19
Jul, 2036 161 $696.09 $736.16 $1,432.25 $208,091.04
Aug, 2036 162 $693.64 $738.61 $1,432.25 $207,352.43
Sep, 2036 163 $691.17 $741.07 $1,432.25 $206,611.36
Oct, 2036 164 $688.70 $743.54 $1,432.25 $205,867.82
Nov, 2036 165 $686.23 $746.02 $1,432.25 $205,121.80
Dec, 2036 166 $683.74 $748.51 $1,432.25 $204,373.29
Jan, 2037 167 $681.24 $751.00 $1,432.25 $203,622.29
Feb, 2037 168 $678.74 $753.50 $1,432.25 $202,868.78
Mar, 2037 169 $676.23 $756.02 $1,432.25 $202,112.77
Apr, 2037 170 $673.71 $758.54 $1,432.25 $201,354.23
May, 2037 171 $671.18 $761.07 $1,432.25 $200,593.17
Jun, 2037 172 $668.64 $763.60 $1,432.25 $199,829.56
Jul, 2037 173 $666.10 $766.15 $1,432.25 $199,063.42
Aug, 2037 174 $663.54 $768.70 $1,432.25 $198,294.71
Sep, 2037 175 $660.98 $771.26 $1,432.25 $197,523.45
Oct, 2037 176 $658.41 $773.83 $1,432.25 $196,749.62
Nov, 2037 177 $655.83 $776.41 $1,432.25 $195,973.20
Dec, 2037 178 $653.24 $779.00 $1,432.25 $195,194.20
Jan, 2038 179 $650.65 $781.60 $1,432.25 $194,412.60
Feb, 2038 180 $648.04 $784.20 $1,432.25 $193,628.40
Mar, 2038 181 $645.43 $786.82 $1,432.25 $192,841.58
Apr, 2038 182 $642.81 $789.44 $1,432.25 $192,052.14
May, 2038 183 $640.17 $792.07 $1,432.25 $191,260.07
Jun, 2038 184 $637.53 $794.71 $1,432.25 $190,465.36
Jul, 2038 185 $634.88 $797.36 $1,432.25 $189,667.99
Aug, 2038 186 $632.23 $800.02 $1,432.25 $188,867.98
Sep, 2038 187 $629.56 $802.69 $1,432.25 $188,065.29
Oct, 2038 188 $626.88 $805.36 $1,432.25 $187,259.93
Nov, 2038 189 $624.20 $808.05 $1,432.25 $186,451.88
Dec, 2038 190 $621.51 $810.74 $1,432.25 $185,641.14
Jan, 2039 191 $618.80 $813.44 $1,432.25 $184,827.70
Feb, 2039 192 $616.09 $816.15 $1,432.25 $184,011.55
Mar, 2039 193 $613.37 $818.87 $1,432.25 $183,192.67
Apr, 2039 194 $610.64 $821.60 $1,432.25 $182,371.07
May, 2039 195 $607.90 $824.34 $1,432.25 $181,546.73
Jun, 2039 196 $605.16 $827.09 $1,432.25 $180,719.64
Jul, 2039 197 $602.40 $829.85 $1,432.25 $179,889.79
Aug, 2039 198 $599.63 $832.61 $1,432.25 $179,057.18
Sep, 2039 199 $596.86 $835.39 $1,432.25 $178,221.79
Oct, 2039 200 $594.07 $838.17 $1,432.25 $177,383.61
Nov, 2039 201 $591.28 $840.97 $1,432.25 $176,542.65
Dec, 2039 202 $588.48 $843.77 $1,432.25 $175,698.88
Jan, 2040 203 $585.66 $846.58 $1,432.25 $174,852.29
Feb, 2040 204 $582.84 $849.40 $1,432.25 $174,002.89
Mar, 2040 205 $580.01 $852.24 $1,432.25 $173,150.65
Apr, 2040 206 $577.17 $855.08 $1,432.25 $172,295.58
May, 2040 207 $574.32 $857.93 $1,432.25 $171,437.65
Jun, 2040 208 $571.46 $860.79 $1,432.25 $170,576.86
Jul, 2040 209 $568.59 $863.66 $1,432.25 $169,713.20
Aug, 2040 210 $565.71 $866.54 $1,432.25 $168,846.67
Sep, 2040 211 $562.82 $869.42 $1,432.25 $167,977.25
Oct, 2040 212 $559.92 $872.32 $1,432.25 $167,104.92
Nov, 2040 213 $557.02 $875.23 $1,432.25 $166,229.69
Dec, 2040 214 $554.10 $878.15 $1,432.25 $165,351.55
Jan, 2041 215 $551.17 $881.07 $1,432.25 $164,470.47
Feb, 2041 216 $548.23 $884.01 $1,432.25 $163,586.46
Mar, 2041 217 $545.29 $886.96 $1,432.25 $162,699.50
Apr, 2041 218 $542.33 $889.91 $1,432.25 $161,809.59
May, 2041 219 $539.37 $892.88 $1,432.25 $160,916.71
Jun, 2041 220 $536.39 $895.86 $1,432.25 $160,020.85
Jul, 2041 221 $533.40 $898.84 $1,432.25 $159,122.01
Aug, 2041 222 $530.41 $901.84 $1,432.25 $158,220.17
Sep, 2041 223 $527.40 $904.85 $1,432.25 $157,315.33
Oct, 2041 224 $524.38 $907.86 $1,432.25 $156,407.46
Nov, 2041 225 $521.36 $910.89 $1,432.25 $155,496.58
Dec, 2041 226 $518.32 $913.92 $1,432.25 $154,582.65
Jan, 2042 227 $515.28 $916.97 $1,432.25 $153,665.68
Feb, 2042 228 $512.22 $920.03 $1,432.25 $152,745.66
Mar, 2042 229 $509.15 $923.09 $1,432.25 $151,822.56
Apr, 2042 230 $506.08 $926.17 $1,432.25 $150,896.39
May, 2042 231 $502.99 $929.26 $1,432.25 $149,967.13
Jun, 2042 232 $499.89 $932.36 $1,432.25 $149,034.78
Jul, 2042 233 $496.78 $935.46 $1,432.25 $148,099.31
Aug, 2042 234 $493.66 $938.58 $1,432.25 $147,160.73
Sep, 2042 235 $490.54 $941.71 $1,432.25 $146,219.02
Oct, 2042 236 $487.40 $944.85 $1,432.25 $145,274.17
Nov, 2042 237 $484.25 $948.00 $1,432.25 $144,326.17
Dec, 2042 238 $481.09 $951.16 $1,432.25 $143,375.02
Jan, 2043 239 $477.92 $954.33 $1,432.25 $142,420.69
Feb, 2043 240 $474.74 $957.51 $1,432.25 $141,463.18
Mar, 2043 241 $471.54 $960.70 $1,432.25 $140,502.47
Apr, 2043 242 $468.34 $963.90 $1,432.25 $139,538.57
May, 2043 243 $465.13 $967.12 $1,432.25 $138,571.45
Jun, 2043 244 $461.90 $970.34 $1,432.25 $137,601.11
Jul, 2043 245 $458.67 $973.58 $1,432.25 $136,627.54
Aug, 2043 246 $455.43 $976.82 $1,432.25 $135,650.72
Sep, 2043 247 $452.17 $980.08 $1,432.25 $134,670.64
Oct, 2043 248 $448.90 $983.34 $1,432.25 $133,687.30
Nov, 2043 249 $445.62 $986.62 $1,432.25 $132,700.67
Dec, 2043 250 $442.34 $989.91 $1,432.25 $131,710.76
Jan, 2044 251 $439.04 $993.21 $1,432.25 $130,717.55
Feb, 2044 252 $435.73 $996.52 $1,432.25 $129,721.03
Mar, 2044 253 $432.40 $999.84 $1,432.25 $128,721.19
Apr, 2044 254 $429.07 $1,003.18 $1,432.25 $127,718.01
May, 2044 255 $425.73 $1,006.52 $1,432.25 $126,711.50
Jun, 2044 256 $422.37 $1,009.87 $1,432.25 $125,701.62
Jul, 2044 257 $419.01 $1,013.24 $1,432.25 $124,688.38
Aug, 2044 258 $415.63 $1,016.62 $1,432.25 $123,671.76
Sep, 2044 259 $412.24 $1,020.01 $1,432.25 $122,651.76
Oct, 2044 260 $408.84 $1,023.41 $1,432.25 $121,628.35
Nov, 2044 261 $405.43 $1,026.82 $1,432.25 $120,601.53
Dec, 2044 262 $402.01 $1,030.24 $1,432.25 $119,571.29
Jan, 2045 263 $398.57 $1,033.67 $1,432.25 $118,537.62
Feb, 2045 264 $395.13 $1,037.12 $1,432.25 $117,500.50
Mar, 2045 265 $391.67 $1,040.58 $1,432.25 $116,459.92
Apr, 2045 266 $388.20 $1,044.05 $1,432.25 $115,415.87
May, 2045 267 $384.72 $1,047.53 $1,432.25 $114,368.35
Jun, 2045 268 $381.23 $1,051.02 $1,432.25 $113,317.33
Jul, 2045 269 $377.72 $1,054.52 $1,432.25 $112,262.81
Aug, 2045 270 $374.21 $1,058.04 $1,432.25 $111,204.77
Sep, 2045 271 $370.68 $1,061.56 $1,432.25 $110,143.21
Oct, 2045 272 $367.14 $1,065.10 $1,432.25 $109,078.10
Nov, 2045 273 $363.59 $1,068.65 $1,432.25 $108,009.45
Dec, 2045 274 $360.03 $1,072.21 $1,432.25 $106,937.24
Jan, 2046 275 $356.46 $1,075.79 $1,432.25 $105,861.45
Feb, 2046 276 $352.87 $1,079.37 $1,432.25 $104,782.07
Mar, 2046 277 $349.27 $1,082.97 $1,432.25 $103,699.10
Apr, 2046 278 $345.66 $1,086.58 $1,432.25 $102,612.52
May, 2046 279 $342.04 $1,090.20 $1,432.25 $101,522.32
Jun, 2046 280 $338.41 $1,093.84 $1,432.25 $100,428.48
Jul, 2046 281 $334.76 $1,097.48 $1,432.25 $99,330.99
Aug, 2046 282 $331.10 $1,101.14 $1,432.25 $98,229.85
Sep, 2046 283 $327.43 $1,104.81 $1,432.25 $97,125.04
Oct, 2046 284 $323.75 $1,108.50 $1,432.25 $96,016.54
Nov, 2046 285 $320.06 $1,112.19 $1,432.25 $94,904.35
Dec, 2046 286 $316.35 $1,115.90 $1,432.25 $93,788.45
Jan, 2047 287 $312.63 $1,119.62 $1,432.25 $92,668.84
Feb, 2047 288 $308.90 $1,123.35 $1,432.25 $91,545.49
Mar, 2047 289 $305.15 $1,127.09 $1,432.25 $90,418.39
Apr, 2047 290 $301.39 $1,130.85 $1,432.25 $89,287.54
May, 2047 291 $297.63 $1,134.62 $1,432.25 $88,152.92
Jun, 2047 292 $293.84 $1,138.40 $1,432.25 $87,014.52
Jul, 2047 293 $290.05 $1,142.20 $1,432.25 $85,872.32
Aug, 2047 294 $286.24 $1,146.00 $1,432.25 $84,726.31
Sep, 2047 295 $282.42 $1,149.82 $1,432.25 $83,576.49
Oct, 2047 296 $278.59 $1,153.66 $1,432.25 $82,422.83
Nov, 2047 297 $274.74 $1,157.50 $1,432.25 $81,265.33
Dec, 2047 298 $270.88 $1,161.36 $1,432.25 $80,103.97
Jan, 2048 299 $267.01 $1,165.23 $1,432.25 $78,938.73
Feb, 2048 300 $263.13 $1,169.12 $1,432.25 $77,769.62
Mar, 2048 301 $259.23 $1,173.01 $1,432.25 $76,596.60
Apr, 2048 302 $255.32 $1,176.92 $1,432.25 $75,419.68
May, 2048 303 $251.40 $1,180.85 $1,432.25 $74,238.83
Jun, 2048 304 $247.46 $1,184.78 $1,432.25 $73,054.05
Jul, 2048 305 $243.51 $1,188.73 $1,432.25 $71,865.32
Aug, 2048 306 $239.55 $1,192.69 $1,432.25 $70,672.62
Sep, 2048 307 $235.58 $1,196.67 $1,432.25 $69,475.95
Oct, 2048 308 $231.59 $1,200.66 $1,432.25 $68,275.29
Nov, 2048 309 $227.58 $1,204.66 $1,432.25 $67,070.63
Dec, 2048 310 $223.57 $1,208.68 $1,432.25 $65,861.95
Jan, 2049 311 $219.54 $1,212.71 $1,432.25 $64,649.25
Feb, 2049 312 $215.50 $1,216.75 $1,432.25 $63,432.50
Mar, 2049 313 $211.44 $1,220.80 $1,432.25 $62,211.70
Apr, 2049 314 $207.37 $1,224.87 $1,432.25 $60,986.82
May, 2049 315 $203.29 $1,228.96 $1,432.25 $59,757.87
Jun, 2049 316 $199.19 $1,233.05 $1,432.25 $58,524.81
Jul, 2049 317 $195.08 $1,237.16 $1,432.25 $57,287.65
Aug, 2049 318 $190.96 $1,241.29 $1,432.25 $56,046.36
Sep, 2049 319 $186.82 $1,245.42 $1,432.25 $54,800.94
Oct, 2049 320 $182.67 $1,249.58 $1,432.25 $53,551.36
Nov, 2049 321 $178.50 $1,253.74 $1,432.25 $52,297.62
Dec, 2049 322 $174.33 $1,257.92 $1,432.25 $51,039.70
Jan, 2050 323 $170.13 $1,262.11 $1,432.25 $49,777.59
Feb, 2050 324 $165.93 $1,266.32 $1,432.25 $48,511.27
Mar, 2050 325 $161.70 $1,270.54 $1,432.25 $47,240.72
Apr, 2050 326 $157.47 $1,274.78 $1,432.25 $45,965.95
May, 2050 327 $153.22 $1,279.03 $1,432.25 $44,686.92
Jun, 2050 328 $148.96 $1,283.29 $1,432.25 $43,403.63
Jul, 2050 329 $144.68 $1,287.57 $1,432.25 $42,116.06
Aug, 2050 330 $140.39 $1,291.86 $1,432.25 $40,824.21
Sep, 2050 331 $136.08 $1,296.17 $1,432.25 $39,528.04
Oct, 2050 332 $131.76 $1,300.49 $1,432.25 $38,227.55
Nov, 2050 333 $127.43 $1,304.82 $1,432.25 $36,922.73
Dec, 2050 334 $123.08 $1,309.17 $1,432.25 $35,613.56
Jan, 2051 335 $118.71 $1,313.53 $1,432.25 $34,300.03
Feb, 2051 336 $114.33 $1,317.91 $1,432.25 $32,982.12
Mar, 2051 337 $109.94 $1,322.31 $1,432.25 $31,659.81
Apr, 2051 338 $105.53 $1,326.71 $1,432.25 $30,333.10
May, 2051 339 $101.11 $1,331.14 $1,432.25 $29,001.96
Jun, 2051 340 $96.67 $1,335.57 $1,432.25 $27,666.39
Jul, 2051 341 $92.22 $1,340.02 $1,432.25 $26,326.37
Aug, 2051 342 $87.75 $1,344.49 $1,432.25 $24,981.87
Sep, 2051 343 $83.27 $1,348.97 $1,432.25 $23,632.90
Oct, 2051 344 $78.78 $1,353.47 $1,432.25 $22,279.43
Nov, 2051 345 $74.26 $1,357.98 $1,432.25 $20,921.45
Dec, 2051 346 $69.74 $1,362.51 $1,432.25 $19,558.94
Jan, 2052 347 $65.20 $1,367.05 $1,432.25 $18,191.89
Feb, 2052 348 $60.64 $1,371.61 $1,432.25 $16,820.29
Mar, 2052 349 $56.07 $1,376.18 $1,432.25 $15,444.11
Apr, 2052 350 $51.48 $1,380.77 $1,432.25 $14,063.34
May, 2052 351 $46.88 $1,385.37 $1,432.25 $12,677.98
Jun, 2052 352 $42.26 $1,389.99 $1,432.25 $11,287.99
Jul, 2052 353 $37.63 $1,394.62 $1,432.25 $9,893.37
Aug, 2052 354 $32.98 $1,399.27 $1,432.25 $8,494.10
Sep, 2052 355 $28.31 $1,403.93 $1,432.25 $7,090.17
Oct, 2052 356 $23.63 $1,408.61 $1,432.25 $5,681.56
Nov, 2052 357 $18.94 $1,413.31 $1,432.25 $4,268.25
Dec, 2052 358 $14.23 $1,418.02 $1,432.25 $2,850.23
Jan, 2053 359 $9.50 $1,422.75 $1,432.25 $1,427.49
Feb, 2053 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
Mar, 2023 1 $812.50 $493.12 $1,305.62 $299,506.88
Apr, 2023 2 $811.16 $494.45 $1,305.62 $299,012.43
May, 2023 3 $809.83 $495.79 $1,305.62 $298,516.63
Jun, 2023 4 $808.48 $497.14 $1,305.62 $298,019.50
Jul, 2023 5 $807.14 $498.48 $1,305.62 $297,521.01
Aug, 2023 6 $805.79 $499.83 $1,305.62 $297,021.18
Sep, 2023 7 $804.43 $501.19 $1,305.62 $296,519.99
Oct, 2023 8 $803.07 $502.54 $1,305.62 $296,017.45
Nov, 2023 9 $801.71 $503.91 $1,305.62 $295,513.55
Dec, 2023 10 $800.35 $505.27 $1,305.62 $295,008.28
Jan, 2024 11 $798.98 $506.64 $1,305.62 $294,501.64
Feb, 2024 12 $797.61 $508.01 $1,305.62 $293,993.63
Mar, 2024 13 $796.23 $509.39 $1,305.62 $293,484.24
Apr, 2024 14 $794.85 $510.77 $1,305.62 $292,973.47
May, 2024 15 $793.47 $512.15 $1,305.62 $292,461.33
Jun, 2024 16 $792.08 $513.54 $1,305.62 $291,947.79
Jul, 2024 17 $790.69 $514.93 $1,305.62 $291,432.86
Aug, 2024 18 $789.30 $516.32 $1,305.62 $290,916.54
Sep, 2024 19 $787.90 $517.72 $1,305.62 $290,398.82
Oct, 2024 20 $786.50 $519.12 $1,305.62 $289,879.70
Nov, 2024 21 $785.09 $520.53 $1,305.62 $289,359.17
Dec, 2024 22 $783.68 $521.94 $1,305.62 $288,837.23
Jan, 2025 23 $782.27 $523.35 $1,305.62 $288,313.88
Feb, 2025 24 $780.85 $524.77 $1,305.62 $287,789.11
Mar, 2025 25 $779.43 $526.19 $1,305.62 $287,262.92
Apr, 2025 26 $778.00 $527.62 $1,305.62 $286,735.31
May, 2025 27 $776.57 $529.04 $1,305.62 $286,206.26
Jun, 2025 28 $775.14 $530.48 $1,305.62 $285,675.79
Jul, 2025 29 $773.71 $531.91 $1,305.62 $285,143.87
Aug, 2025 30 $772.26 $533.35 $1,305.62 $284,610.52
Sep, 2025 31 $770.82 $534.80 $1,305.62 $284,075.72
Oct, 2025 32 $769.37 $536.25 $1,305.62 $283,539.47
Nov, 2025 33 $767.92 $537.70 $1,305.62 $283,001.77
Dec, 2025 34 $766.46 $539.16 $1,305.62 $282,462.62
Jan, 2026 35 $765.00 $540.62 $1,305.62 $281,922.00
Feb, 2026 36 $763.54 $542.08 $1,305.62 $281,379.92
Mar, 2026 37 $762.07 $543.55 $1,305.62 $280,836.37
Apr, 2026 38 $760.60 $545.02 $1,305.62 $280,291.35
May, 2026 39 $759.12 $546.50 $1,305.62 $279,744.85
Jun, 2026 40 $757.64 $547.98 $1,305.62 $279,196.88
Jul, 2026 41 $756.16 $549.46 $1,305.62 $278,647.42
Aug, 2026 42 $754.67 $550.95 $1,305.62 $278,096.47
Sep, 2026 43 $753.18 $552.44 $1,305.62 $277,544.03
Oct, 2026 44 $751.68 $553.94 $1,305.62 $276,990.09
Nov, 2026 45 $750.18 $555.44 $1,305.62 $276,434.65
Dec, 2026 46 $748.68 $556.94 $1,305.62 $275,877.71
Jan, 2027 47 $747.17 $558.45 $1,305.62 $275,319.26
Feb, 2027 48 $745.66 $559.96 $1,305.62 $274,759.30
Mar, 2027 49 $744.14 $561.48 $1,305.62 $274,197.82
Apr, 2027 50 $742.62 $563.00 $1,305.62 $273,634.82
May, 2027 51 $741.09 $564.52 $1,305.62 $273,070.29
Jun, 2027 52 $739.57 $566.05 $1,305.62 $272,504.24
Jul, 2027 53 $738.03 $567.59 $1,305.62 $271,936.65
Aug, 2027 54 $736.50 $569.12 $1,305.62 $271,367.53
Sep, 2027 55 $734.95 $570.67 $1,305.62 $270,796.87
Oct, 2027 56 $733.41 $572.21 $1,305.62 $270,224.65
Nov, 2027 57 $731.86 $573.76 $1,305.62 $269,650.89
Dec, 2027 58 $730.30 $575.31 $1,305.62 $269,075.58
Jan, 2028 59 $728.75 $576.87 $1,305.62 $268,498.71
Feb, 2028 60 $727.18 $578.43 $1,305.62 $267,920.27
Mar, 2028 61 $725.62 $580.00 $1,305.62 $267,340.27
Apr, 2028 62 $724.05 $581.57 $1,305.62 $266,758.70
May, 2028 63 $722.47 $583.15 $1,305.62 $266,175.55
Jun, 2028 64 $720.89 $584.73 $1,305.62 $265,590.82
Jul, 2028 65 $719.31 $586.31 $1,305.62 $265,004.51
Aug, 2028 66 $717.72 $587.90 $1,305.62 $264,416.62
Sep, 2028 67 $716.13 $589.49 $1,305.62 $263,827.12
Oct, 2028 68 $714.53 $591.09 $1,305.62 $263,236.04
Nov, 2028 69 $712.93 $592.69 $1,305.62 $262,643.35
Dec, 2028 70 $711.33 $594.29 $1,305.62 $262,049.06
Jan, 2029 71 $709.72 $595.90 $1,305.62 $261,453.15
Feb, 2029 72 $708.10 $597.52 $1,305.62 $260,855.64
Mar, 2029 73 $706.48 $599.13 $1,305.62 $260,256.50
Apr, 2029 74 $704.86 $600.76 $1,305.62 $259,655.74
May, 2029 75 $703.23 $602.38 $1,305.62 $259,053.36
Jun, 2029 76 $701.60 $604.02 $1,305.62 $258,449.34
Jul, 2029 77 $699.97 $605.65 $1,305.62 $257,843.69
Aug, 2029 78 $698.33 $607.29 $1,305.62 $257,236.40
Sep, 2029 79 $696.68 $608.94 $1,305.62 $256,627.46
Oct, 2029 80 $695.03 $610.59 $1,305.62 $256,016.88
Nov, 2029 81 $693.38 $612.24 $1,305.62 $255,404.64
Dec, 2029 82 $691.72 $613.90 $1,305.62 $254,790.74
Jan, 2030 83 $690.06 $615.56 $1,305.62 $254,175.18
Feb, 2030 84 $688.39 $617.23 $1,305.62 $253,557.95
Mar, 2030 85 $686.72 $618.90 $1,305.62 $252,939.05
Apr, 2030 86 $685.04 $620.58 $1,305.62 $252,318.47
May, 2030 87 $683.36 $622.26 $1,305.62 $251,696.22
Jun, 2030 88 $681.68 $623.94 $1,305.62 $251,072.28
Jul, 2030 89 $679.99 $625.63 $1,305.62 $250,446.64
Aug, 2030 90 $678.29 $627.33 $1,305.62 $249,819.32
Sep, 2030 91 $676.59 $629.02 $1,305.62 $249,190.29
Oct, 2030 92 $674.89 $630.73 $1,305.62 $248,559.56
Nov, 2030 93 $673.18 $632.44 $1,305.62 $247,927.13
Dec, 2030 94 $671.47 $634.15 $1,305.62 $247,292.98
Jan, 2031 95 $669.75 $635.87 $1,305.62 $246,657.11
Feb, 2031 96 $668.03 $637.59 $1,305.62 $246,019.52
Mar, 2031 97 $666.30 $639.32 $1,305.62 $245,380.21
Apr, 2031 98 $664.57 $641.05 $1,305.62 $244,739.16
May, 2031 99 $662.84 $642.78 $1,305.62 $244,096.37
Jun, 2031 100 $661.09 $644.52 $1,305.62 $243,451.85
Jul, 2031 101 $659.35 $646.27 $1,305.62 $242,805.58
Aug, 2031 102 $657.60 $648.02 $1,305.62 $242,157.56
Sep, 2031 103 $655.84 $649.78 $1,305.62 $241,507.78
Oct, 2031 104 $654.08 $651.54 $1,305.62 $240,856.25
Nov, 2031 105 $652.32 $653.30 $1,305.62 $240,202.95
Dec, 2031 106 $650.55 $655.07 $1,305.62 $239,547.88
Jan, 2032 107 $648.78 $656.84 $1,305.62 $238,891.04
Feb, 2032 108 $647.00 $658.62 $1,305.62 $238,232.41
Mar, 2032 109 $645.21 $660.41 $1,305.62 $237,572.01
Apr, 2032 110 $643.42 $662.19 $1,305.62 $236,909.81
May, 2032 111 $641.63 $663.99 $1,305.62 $236,245.82
Jun, 2032 112 $639.83 $665.79 $1,305.62 $235,580.04
Jul, 2032 113 $638.03 $667.59 $1,305.62 $234,912.45
Aug, 2032 114 $636.22 $669.40 $1,305.62 $234,243.05
Sep, 2032 115 $634.41 $671.21 $1,305.62 $233,571.84
Oct, 2032 116 $632.59 $673.03 $1,305.62 $232,898.81
Nov, 2032 117 $630.77 $674.85 $1,305.62 $232,223.96
Dec, 2032 118 $628.94 $676.68 $1,305.62 $231,547.28
Jan, 2033 119 $627.11 $678.51 $1,305.62 $230,868.77
Feb, 2033 120 $625.27 $680.35 $1,305.62 $230,188.42
Mar, 2033 121 $623.43 $682.19 $1,305.62 $229,506.23
Apr, 2033 122 $621.58 $684.04 $1,305.62 $228,822.19
May, 2033 123 $619.73 $685.89 $1,305.62 $228,136.30
Jun, 2033 124 $617.87 $687.75 $1,305.62 $227,448.55
Jul, 2033 125 $616.01 $689.61 $1,305.62 $226,758.93
Aug, 2033 126 $614.14 $691.48 $1,305.62 $226,067.45
Sep, 2033 127 $612.27 $693.35 $1,305.62 $225,374.10
Oct, 2033 128 $610.39 $695.23 $1,305.62 $224,678.87
Nov, 2033 129 $608.51 $697.11 $1,305.62 $223,981.76
Dec, 2033 130 $606.62 $699.00 $1,305.62 $223,282.75
Jan, 2034 131 $604.72 $700.89 $1,305.62 $222,581.86
Feb, 2034 132 $602.83 $702.79 $1,305.62 $221,879.07
Mar, 2034 133 $600.92 $704.70 $1,305.62 $221,174.37
Apr, 2034 134 $599.01 $706.61 $1,305.62 $220,467.76
May, 2034 135 $597.10 $708.52 $1,305.62 $219,759.25
Jun, 2034 136 $595.18 $710.44 $1,305.62 $219,048.81
Jul, 2034 137 $593.26 $712.36 $1,305.62 $218,336.45
Aug, 2034 138 $591.33 $714.29 $1,305.62 $217,622.16
Sep, 2034 139 $589.39 $716.23 $1,305.62 $216,905.93
Oct, 2034 140 $587.45 $718.17 $1,305.62 $216,187.76
Nov, 2034 141 $585.51 $720.11 $1,305.62 $215,467.65
Dec, 2034 142 $583.56 $722.06 $1,305.62 $214,745.59
Jan, 2035 143 $581.60 $724.02 $1,305.62 $214,021.58
Feb, 2035 144 $579.64 $725.98 $1,305.62 $213,295.60
Mar, 2035 145 $577.68 $727.94 $1,305.62 $212,567.66
Apr, 2035 146 $575.70 $729.91 $1,305.62 $211,837.74
May, 2035 147 $573.73 $731.89 $1,305.62 $211,105.85
Jun, 2035 148 $571.75 $733.87 $1,305.62 $210,371.98
Jul, 2035 149 $569.76 $735.86 $1,305.62 $209,636.11
Aug, 2035 150 $567.76 $737.85 $1,305.62 $208,898.26
Sep, 2035 151 $565.77 $739.85 $1,305.62 $208,158.41
Oct, 2035 152 $563.76 $741.86 $1,305.62 $207,416.55
Nov, 2035 153 $561.75 $743.87 $1,305.62 $206,672.68
Dec, 2035 154 $559.74 $745.88 $1,305.62 $205,926.80
Jan, 2036 155 $557.72 $747.90 $1,305.62 $205,178.90
Feb, 2036 156 $555.69 $749.93 $1,305.62 $204,428.98
Mar, 2036 157 $553.66 $751.96 $1,305.62 $203,677.02
Apr, 2036 158 $551.63 $753.99 $1,305.62 $202,923.03
May, 2036 159 $549.58 $756.04 $1,305.62 $202,166.99
Jun, 2036 160 $547.54 $758.08 $1,305.62 $201,408.91
Jul, 2036 161 $545.48 $760.14 $1,305.62 $200,648.77
Aug, 2036 162 $543.42 $762.20 $1,305.62 $199,886.58
Sep, 2036 163 $541.36 $764.26 $1,305.62 $199,122.32
Oct, 2036 164 $539.29 $766.33 $1,305.62 $198,355.99
Nov, 2036 165 $537.21 $768.40 $1,305.62 $197,587.58
Dec, 2036 166 $535.13 $770.49 $1,305.62 $196,817.10
Jan, 2037 167 $533.05 $772.57 $1,305.62 $196,044.52
Feb, 2037 168 $530.95 $774.67 $1,305.62 $195,269.86
Mar, 2037 169 $528.86 $776.76 $1,305.62 $194,493.10
Apr, 2037 170 $526.75 $778.87 $1,305.62 $193,714.23
May, 2037 171 $524.64 $780.98 $1,305.62 $192,933.25
Jun, 2037 172 $522.53 $783.09 $1,305.62 $192,150.16
Jul, 2037 173 $520.41 $785.21 $1,305.62 $191,364.95
Aug, 2037 174 $518.28 $787.34 $1,305.62 $190,577.61
Sep, 2037 175 $516.15 $789.47 $1,305.62 $189,788.14
Oct, 2037 176 $514.01 $791.61 $1,305.62 $188,996.53
Nov, 2037 177 $511.87 $793.75 $1,305.62 $188,202.78
Dec, 2037 178 $509.72 $795.90 $1,305.62 $187,406.87
Jan, 2038 179 $507.56 $798.06 $1,305.62 $186,608.81
Feb, 2038 180 $505.40 $800.22 $1,305.62 $185,808.59
Mar, 2038 181 $503.23 $802.39 $1,305.62 $185,006.21
Apr, 2038 182 $501.06 $804.56 $1,305.62 $184,201.65
May, 2038 183 $498.88 $806.74 $1,305.62 $183,394.91
Jun, 2038 184 $496.69 $808.92 $1,305.62 $182,585.98
Jul, 2038 185 $494.50 $811.12 $1,305.62 $181,774.87
Aug, 2038 186 $492.31 $813.31 $1,305.62 $180,961.55
Sep, 2038 187 $490.10 $815.51 $1,305.62 $180,146.04
Oct, 2038 188 $487.90 $817.72 $1,305.62 $179,328.32
Nov, 2038 189 $485.68 $819.94 $1,305.62 $178,508.38
Dec, 2038 190 $483.46 $822.16 $1,305.62 $177,686.22
Jan, 2039 191 $481.23 $824.39 $1,305.62 $176,861.83
Feb, 2039 192 $479.00 $826.62 $1,305.62 $176,035.22
Mar, 2039 193 $476.76 $828.86 $1,305.62 $175,206.36
Apr, 2039 194 $474.52 $831.10 $1,305.62 $174,375.26
May, 2039 195 $472.27 $833.35 $1,305.62 $173,541.90
Jun, 2039 196 $470.01 $835.61 $1,305.62 $172,706.30
Jul, 2039 197 $467.75 $837.87 $1,305.62 $171,868.42
Aug, 2039 198 $465.48 $840.14 $1,305.62 $171,028.28
Sep, 2039 199 $463.20 $842.42 $1,305.62 $170,185.86
Oct, 2039 200 $460.92 $844.70 $1,305.62 $169,341.16
Nov, 2039 201 $458.63 $846.99 $1,305.62 $168,494.18
Dec, 2039 202 $456.34 $849.28 $1,305.62 $167,644.90
Jan, 2040 203 $454.04 $851.58 $1,305.62 $166,793.32
Feb, 2040 204 $451.73 $853.89 $1,305.62 $165,939.43
Mar, 2040 205 $449.42 $856.20 $1,305.62 $165,083.23
Apr, 2040 206 $447.10 $858.52 $1,305.62 $164,224.71
May, 2040 207 $444.78 $860.84 $1,305.62 $163,363.87
Jun, 2040 208 $442.44 $863.18 $1,305.62 $162,500.69
Jul, 2040 209 $440.11 $865.51 $1,305.62 $161,635.18
Aug, 2040 210 $437.76 $867.86 $1,305.62 $160,767.32
Sep, 2040 211 $435.41 $870.21 $1,305.62 $159,897.11
Oct, 2040 212 $433.05 $872.56 $1,305.62 $159,024.55
Nov, 2040 213 $430.69 $874.93 $1,305.62 $158,149.62
Dec, 2040 214 $428.32 $877.30 $1,305.62 $157,272.33
Jan, 2041 215 $425.95 $879.67 $1,305.62 $156,392.65
Feb, 2041 216 $423.56 $882.06 $1,305.62 $155,510.60
Mar, 2041 217 $421.17 $884.44 $1,305.62 $154,626.15
Apr, 2041 218 $418.78 $886.84 $1,305.62 $153,739.31
May, 2041 219 $416.38 $889.24 $1,305.62 $152,850.07
Jun, 2041 220 $413.97 $891.65 $1,305.62 $151,958.42
Jul, 2041 221 $411.55 $894.06 $1,305.62 $151,064.36
Aug, 2041 222 $409.13 $896.49 $1,305.62 $150,167.87
Sep, 2041 223 $406.70 $898.91 $1,305.62 $149,268.96
Oct, 2041 224 $404.27 $901.35 $1,305.62 $148,367.61
Nov, 2041 225 $401.83 $903.79 $1,305.62 $147,463.82
Dec, 2041 226 $399.38 $906.24 $1,305.62 $146,557.58
Jan, 2042 227 $396.93 $908.69 $1,305.62 $145,648.89
Feb, 2042 228 $394.47 $911.15 $1,305.62 $144,737.73
Mar, 2042 229 $392.00 $913.62 $1,305.62 $143,824.11
Apr, 2042 230 $389.52 $916.10 $1,305.62 $142,908.02
May, 2042 231 $387.04 $918.58 $1,305.62 $141,989.44
Jun, 2042 232 $384.55 $921.06 $1,305.62 $141,068.38
Jul, 2042 233 $382.06 $923.56 $1,305.62 $140,144.82
Aug, 2042 234 $379.56 $926.06 $1,305.62 $139,218.76
Sep, 2042 235 $377.05 $928.57 $1,305.62 $138,290.19
Oct, 2042 236 $374.54 $931.08 $1,305.62 $137,359.11
Nov, 2042 237 $372.01 $933.60 $1,305.62 $136,425.50
Dec, 2042 238 $369.49 $936.13 $1,305.62 $135,489.37
Jan, 2043 239 $366.95 $938.67 $1,305.62 $134,550.70
Feb, 2043 240 $364.41 $941.21 $1,305.62 $133,609.49
Mar, 2043 241 $361.86 $943.76 $1,305.62 $132,665.73
Apr, 2043 242 $359.30 $946.32 $1,305.62 $131,719.41
May, 2043 243 $356.74 $948.88 $1,305.62 $130,770.53
Jun, 2043 244 $354.17 $951.45 $1,305.62 $129,819.09
Jul, 2043 245 $351.59 $954.03 $1,305.62 $128,865.06
Aug, 2043 246 $349.01 $956.61 $1,305.62 $127,908.45
Sep, 2043 247 $346.42 $959.20 $1,305.62 $126,949.25
Oct, 2043 248 $343.82 $961.80 $1,305.62 $125,987.45
Nov, 2043 249 $341.22 $964.40 $1,305.62 $125,023.05
Dec, 2043 250 $338.60 $967.01 $1,305.62 $124,056.03
Jan, 2044 251 $335.99 $969.63 $1,305.62 $123,086.40
Feb, 2044 252 $333.36 $972.26 $1,305.62 $122,114.14
Mar, 2044 253 $330.73 $974.89 $1,305.62 $121,139.25
Apr, 2044 254 $328.09 $977.53 $1,305.62 $120,161.71
May, 2044 255 $325.44 $980.18 $1,305.62 $119,181.53
Jun, 2044 256 $322.78 $982.84 $1,305.62 $118,198.70
Jul, 2044 257 $320.12 $985.50 $1,305.62 $117,213.20
Aug, 2044 258 $317.45 $988.17 $1,305.62 $116,225.03
Sep, 2044 259 $314.78 $990.84 $1,305.62 $115,234.19
Oct, 2044 260 $312.09 $993.53 $1,305.62 $114,240.66
Nov, 2044 261 $309.40 $996.22 $1,305.62 $113,244.45
Dec, 2044 262 $306.70 $998.92 $1,305.62 $112,245.53
Jan, 2045 263 $304.00 $1,001.62 $1,305.62 $111,243.91
Feb, 2045 264 $301.29 $1,004.33 $1,305.62 $110,239.58
Mar, 2045 265 $298.57 $1,007.05 $1,305.62 $109,232.52
Apr, 2045 266 $295.84 $1,009.78 $1,305.62 $108,222.74
May, 2045 267 $293.10 $1,012.52 $1,305.62 $107,210.23
Jun, 2045 268 $290.36 $1,015.26 $1,305.62 $106,194.97
Jul, 2045 269 $287.61 $1,018.01 $1,305.62 $105,176.96
Aug, 2045 270 $284.85 $1,020.76 $1,305.62 $104,156.20
Sep, 2045 271 $282.09 $1,023.53 $1,305.62 $103,132.67
Oct, 2045 272 $279.32 $1,026.30 $1,305.62 $102,106.37
Nov, 2045 273 $276.54 $1,029.08 $1,305.62 $101,077.29
Dec, 2045 274 $273.75 $1,031.87 $1,305.62 $100,045.42
Jan, 2046 275 $270.96 $1,034.66 $1,305.62 $99,010.76
Feb, 2046 276 $268.15 $1,037.46 $1,305.62 $97,973.29
Mar, 2046 277 $265.34 $1,040.27 $1,305.62 $96,933.02
Apr, 2046 278 $262.53 $1,043.09 $1,305.62 $95,889.92
May, 2046 279 $259.70 $1,045.92 $1,305.62 $94,844.01
Jun, 2046 280 $256.87 $1,048.75 $1,305.62 $93,795.26
Jul, 2046 281 $254.03 $1,051.59 $1,305.62 $92,743.67
Aug, 2046 282 $251.18 $1,054.44 $1,305.62 $91,689.23
Sep, 2046 283 $248.32 $1,057.29 $1,305.62 $90,631.94
Oct, 2046 284 $245.46 $1,060.16 $1,305.62 $89,571.78
Nov, 2046 285 $242.59 $1,063.03 $1,305.62 $88,508.75
Dec, 2046 286 $239.71 $1,065.91 $1,305.62 $87,442.84
Jan, 2047 287 $236.82 $1,068.79 $1,305.62 $86,374.05
Feb, 2047 288 $233.93 $1,071.69 $1,305.62 $85,302.36
Mar, 2047 289 $231.03 $1,074.59 $1,305.62 $84,227.77
Apr, 2047 290 $228.12 $1,077.50 $1,305.62 $83,150.26
May, 2047 291 $225.20 $1,080.42 $1,305.62 $82,069.84
Jun, 2047 292 $222.27 $1,083.35 $1,305.62 $80,986.50
Jul, 2047 293 $219.34 $1,086.28 $1,305.62 $79,900.22
Aug, 2047 294 $216.40 $1,089.22 $1,305.62 $78,810.99
Sep, 2047 295 $213.45 $1,092.17 $1,305.62 $77,718.82
Oct, 2047 296 $210.49 $1,095.13 $1,305.62 $76,623.69
Nov, 2047 297 $207.52 $1,098.10 $1,305.62 $75,525.59
Dec, 2047 298 $204.55 $1,101.07 $1,305.62 $74,424.52
Jan, 2048 299 $201.57 $1,104.05 $1,305.62 $73,320.47
Feb, 2048 300 $198.58 $1,107.04 $1,305.62 $72,213.43
Mar, 2048 301 $195.58 $1,110.04 $1,305.62 $71,103.39
Apr, 2048 302 $192.57 $1,113.05 $1,305.62 $69,990.34
May, 2048 303 $189.56 $1,116.06 $1,305.62 $68,874.28
Jun, 2048 304 $186.53 $1,119.08 $1,305.62 $67,755.19
Jul, 2048 305 $183.50 $1,122.12 $1,305.62 $66,633.08
Aug, 2048 306 $180.46 $1,125.15 $1,305.62 $65,507.92
Sep, 2048 307 $177.42 $1,128.20 $1,305.62 $64,379.72
Oct, 2048 308 $174.36 $1,131.26 $1,305.62 $63,248.47
Nov, 2048 309 $171.30 $1,134.32 $1,305.62 $62,114.14
Dec, 2048 310 $168.23 $1,137.39 $1,305.62 $60,976.75
Jan, 2049 311 $165.15 $1,140.47 $1,305.62 $59,836.28
Feb, 2049 312 $162.06 $1,143.56 $1,305.62 $58,692.72
Mar, 2049 313 $158.96 $1,146.66 $1,305.62 $57,546.06
Apr, 2049 314 $155.85 $1,149.77 $1,305.62 $56,396.29
May, 2049 315 $152.74 $1,152.88 $1,305.62 $55,243.41
Jun, 2049 316 $149.62 $1,156.00 $1,305.62 $54,087.41
Jul, 2049 317 $146.49 $1,159.13 $1,305.62 $52,928.28
Aug, 2049 318 $143.35 $1,162.27 $1,305.62 $51,766.01
Sep, 2049 319 $140.20 $1,165.42 $1,305.62 $50,600.59
Oct, 2049 320 $137.04 $1,168.58 $1,305.62 $49,432.01
Nov, 2049 321 $133.88 $1,171.74 $1,305.62 $48,260.27
Dec, 2049 322 $130.70 $1,174.91 $1,305.62 $47,085.36
Jan, 2050 323 $127.52 $1,178.10 $1,305.62 $45,907.26
Feb, 2050 324 $124.33 $1,181.29 $1,305.62 $44,725.97
Mar, 2050 325 $121.13 $1,184.49 $1,305.62 $43,541.49
Apr, 2050 326 $117.92 $1,187.69 $1,305.62 $42,353.79
May, 2050 327 $114.71 $1,190.91 $1,305.62 $41,162.88
Jun, 2050 328 $111.48 $1,194.14 $1,305.62 $39,968.75
Jul, 2050 329 $108.25 $1,197.37 $1,305.62 $38,771.38
Aug, 2050 330 $105.01 $1,200.61 $1,305.62 $37,570.76
Sep, 2050 331 $101.75 $1,203.86 $1,305.62 $36,366.90
Oct, 2050 332 $98.49 $1,207.13 $1,305.62 $35,159.77
Nov, 2050 333 $95.22 $1,210.39 $1,305.62 $33,949.38
Dec, 2050 334 $91.95 $1,213.67 $1,305.62 $32,735.71
Jan, 2051 335 $88.66 $1,216.96 $1,305.62 $31,518.75
Feb, 2051 336 $85.36 $1,220.26 $1,305.62 $30,298.49
Mar, 2051 337 $82.06 $1,223.56 $1,305.62 $29,074.93
Apr, 2051 338 $78.74 $1,226.87 $1,305.62 $27,848.06
May, 2051 339 $75.42 $1,230.20 $1,305.62 $26,617.86
Jun, 2051 340 $72.09 $1,233.53 $1,305.62 $25,384.33
Jul, 2051 341 $68.75 $1,236.87 $1,305.62 $24,147.46
Aug, 2051 342 $65.40 $1,240.22 $1,305.62 $22,907.24
Sep, 2051 343 $62.04 $1,243.58 $1,305.62 $21,663.66
Oct, 2051 344 $58.67 $1,246.95 $1,305.62 $20,416.72
Nov, 2051 345 $55.30 $1,250.32 $1,305.62 $19,166.39
Dec, 2051 346 $51.91 $1,253.71 $1,305.62 $17,912.68
Jan, 2052 347 $48.51 $1,257.11 $1,305.62 $16,655.58
Feb, 2052 348 $45.11 $1,260.51 $1,305.62 $15,395.07
Mar, 2052 349 $41.69 $1,263.92 $1,305.62 $14,131.14
Apr, 2052 350 $38.27 $1,267.35 $1,305.62 $12,863.80
May, 2052 351 $34.84 $1,270.78 $1,305.62 $11,593.02
Jun, 2052 352 $31.40 $1,274.22 $1,305.62 $10,318.79
Jul, 2052 353 $27.95 $1,277.67 $1,305.62 $9,041.12
Aug, 2052 354 $24.49 $1,281.13 $1,305.62 $7,759.99
Sep, 2052 355 $21.02 $1,284.60 $1,305.62 $6,475.39
Oct, 2052 356 $17.54 $1,288.08 $1,305.62 $5,187.31
Nov, 2052 357 $14.05 $1,291.57 $1,305.62 $3,895.74
Dec, 2052 358 $10.55 $1,295.07 $1,305.62 $2,600.67
Jan, 2053 359 $7.04 $1,298.58 $1,305.62 $1,302.09
Feb, 2053 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 Feb, 2053 Feb, 2053

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 discount 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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