Cost of One Discount Point
See what one discount point costs on any loan size, with a quick reference table for common mortgage amounts.
Mortgage figures are entered and computed on your device — nothing is sent anywhereTry: Loan amount=300000 → $300,000.00, $3,000.00
How to use
A discount point is simply 1% of the loan. Type any loan size to see the dollar cost of a single point, then compare against the monthly savings the rate reduction produces.
FAQ
How much does one discount point cost?
One point costs 1% of your loan amount. On a $300,000 loan, one point costs $3,000.
How much does my rate drop per point?
A common rule of thumb is about 0.25% per point, but your lender sets the actual buydown schedule. Always read the loan estimate.
Are discount points worth buying?
Only if you keep the loan past the break-even month. The calculator shows that break-even point for your numbers.