: Find the difference between the monthly payment at the higher rate and the lower rate.
: If you have surplus funds after your down payment and closing costs, "buying" a lower monthly payment can improve your long-term cash flow. When It Is Not Worth It buy down points mortgage
: Using your last bit of cash for points instead of keeping it as an emergency fund can be risky. How to Calculate the Break-Even Point : Find the difference between the monthly payment
: Divide the Total Cost of Points by the Monthly Savings . buy down points mortgage