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Welcome Federal Credit Union

Should I Pay Discount Points?
Calculator

It is possible that ‘buying down’ your interest rate on your mortgage with discount points (a form of prepaid interest) will save you money in the long run. Use this calculator to help determine if paying additional discount points in exchange for a lower interest rate is a good option for you.

Mortgage Information

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Loan 1
Enter the loan with the lowest points.

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Loan 2

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Loan 3

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Results

Compare Mortgages

 
Loan 1
Loan 2
Loan 3
Interest Rate
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Product Type
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Loan Term (Years)
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P & I Payment
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Discount Points
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Payment Difference
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Breakeven (Months)
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Savings Until Sell
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Information

Welcome Federal Credit Union

Welcome Federal Credit Union is offered as a benefit of your company or organization for both you and members of your immediate family. See website for membership details.

PO Box 830
5920 S Miami Blvd, Suite 102
Morrisville, NC 27560
919-474-3251
www.welcomecu.org

Resources

Resources

"Mortgage Points - What's the Point?" is an insightful article from Investopedia.

The U.S. Department of Housing and Urban Development (HUD) offers a guide to "Looking for the Best Mortgage."

The HomeLoanLearningCenter.com provides step-by-step information on how to become financially literate.

CULookUp - Sponsored by NAFCU Services

CULookup.com - Sponsored by NAFCU