Cost To Buy Down Points On A Mortgage Apr 2026

💡 : Buying points is essentially a bet that you will keep the loan for longer than the break-even period. When It Makes Sense Everything You Need to Know About Mortgage Discount Points

: You can usually buy fractional points (e.g., 0.5 points) or multiple points (e.g., 2.0 points). Calculating the "Break-Even" Point cost to buy down points on a mortgage

: One point generally reduces your interest rate by 0.25% (25 basis points), though this varies by lender. 💡 : Buying points is essentially a bet

: Each point is equal to 1% of your principal loan. 0.5 points) or multiple points (e.g.