This calculator shows the costs and benefits of paying points to reduce the rate on an ARM, and the minimum period they must hold an ARM before it makes sense to pay additional points (the “break-even period”). This calculator is for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an ARM.

This calculator shows the costs and benefits of paying points to reduce the rate on a fixed-rate mortgage, and the minimum period a borrower must hold a fixed-rate mortgage before it makes sense to pay additional points (the “break-even period”). This calculator is for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an FRM.