Enter your Loan amount, number of Points, Loan term in years and Annual interest rates with Points and No Points. Click the calculator icon to view the best option and View payment schedules for points and no points.

Generally, if you will have the mortgage for a short period of time, points are not advisable. However, if you plan to have the mortgage for a longer period of time, the points will pay for themselves and more. The key to deciding whether or not to pay points is whether you will have the mortgage for a shorter or longer period of time than is indicated in the Months to recover cost of points field.

Pay Points on Mortgage Calculator

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The information provided by these calculators is intended only for general information and educational purposes.  The calculated results are intended for illustrative purposes only; accuracy is not guaranteed.  The default figures shown are hypothetical and may not apply to your situation.  Please consult a financial professional for advice regarding your personal circumstances.






January 15th, 2014
Standard mileage rate.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations


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