Discount Points & Adjustable Rate Calculators

Mortgage options and ARM.

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Discount Points & ARM

Each point costs 1% of the loan amount and typically lowers the rate by about 0.25% (varies by lender).

Loan amount ($)

Interest rate without points (%)

Loan term (years)

Number of points to buy

Cost of points

$6,000

Estimated rate with points: ~6.50%

Payment without points: $1,995.91/mo

Payment with points: ~$1,896.2/mo

Break-even: ~61 months (5.0 years)

What is it?

Discount points let you pay upfront to lower your mortgage rate. An adjustable-rate mortgage (ARM) calculator shows how payments can change when the rate adjusts.

How it works

For points: enter loan amount and point cost to see rate impact. For ARM: enter initial rate, adjustment cap, and index to see possible future payments.

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