Scient 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

Scient Federal Credit Union

Scient Federal Credit Union has dedicated itself to helping Pharma professionals to reach their financial goals since 1968 – the year we open our doors as a niche financial institution created by Pfizer employees. More than 40 years later, we’ve committed ourselves to giving pharma colleagues an unparalleled service experience – one that revolves around them and their needs. The organization was built on this principle and we deliver on it every day.

60 Colver Avenue
Groton, CT 06340
877-860-MYCU
www.scientfcu.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.