Are points (or a refi) worth it for me?
Paying money up front for a lower rate — discount points now, or refinance closing costs later — is a bet that you'll keep the loan long enough to win it. The math is one division: upfront cost ÷ monthly savings = months to breakeven. This tool runs it and shows your 5- and 10-year net either way. If you might sell or refinance again before the breakeven date, keep your cash.
Points & refi breakeven
Paying money up front to lower your rate — points now, or a refinance later — only wins if you keep the loan past the breakeven date.
If you might sell or refinance again before the breakeven date, keep your cash instead.
Educational estimate, not a loan offer or financial advice. Rates, taxes, and program rules vary — a licensed professional can turn these ranges into real numbers for your situation.
Want a human to look at your numbers? BuyerMath is built by Gavin Guthrie of The Mortgage Collective — a free 15-minute "where do I stand?" call costs nothing and isn't a test you can fail.
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