Pasadena Service 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

Help
Help
Help

Loan 1
Enter the loan with the lowest points.

Help
Help

Loan 2

Help
Help

Loan 3

Help
Help

Results

Compare Mortgages

 
Loan 1
Loan 2
Loan 3
Interest Rate
0%
0%
0%
Help
Product Type
0
0
0
Help
Loan Term (Years)
0
0
0
Help
P & I Payment
$0
$0
$0
Help
Discount Points
$0
$0
$0
Help
Payment Difference
$0
$0
$0
Help
Breakeven (Months)
0
0
0
Help
Savings Until Sell
$0
$0
$0
Help

Information

Pasadena Service Federal Credit Union

Today, PSFCU has grown into an10,000+ member organization with $100+ million in assets. Membership is now extended to the following field of membership: Persons who Live, Work, Worship or Attend School in, Altadena, Arcadia, Pasadena, San Marino, Sierra Madre, South Pasadena, and the unincorporated area of 91107. Spouses and immediate family members of PSFCU members are also eligible for membership. See website for details.

670 N. Rosemead Blvd.
Pasadena, CA 91107
877-297-4707
www.mypsfcu.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.