: If the break-even is long (e.g., 8+ years), you might see a better return by investing that cash in a high-yield savings account or a 401(k). Key Considerations for 2026
The cost and impact of points are generally standardized across the industry, though specific offers vary by lender: buying points on mortgage
: Each point usually reduces your interest rate by 0.25 percentage points (e.g., from 7.00% to 6.75%). : If the break-even is long (e
: To deduct points, your total itemized deductions must exceed the standard deduction ($15,750 for single filers; $31,500 for married filing jointly in 2025). Cost of Points / Monthly Savings = Months
Cost of Points / Monthly Savings = Months to Break Even Scenario (on $300,000 Loan) Without Points With 1 Point ($3,000) Interest Rate Monthly Payment (P&I) Monthly Savings Break-Even Period 60 Months (5 Years) Calculated based on standard industry examples. When It Makes Financial Sense
: If you plan to sell or move within 3–5 years, you likely won't recoup the upfront cost.
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