: It is a strong financial move if you plan to keep the loan long enough to reach the "break-even point" . This is when the monthly savings from the lower rate finally exceed the initial cost of the points.
: If you have surplus funds after your down payment and closing costs, "buying" a lower monthly payment can improve your long-term cash flow. When It Is Not Worth It buy down points mortgage
: Paying off the mortgage early (e.g., through aggressive extra payments) reduces the total interest you would have saved, making the initial points less valuable. : It is a strong financial move if
: Find the difference between the monthly payment at the higher rate and the lower rate. buy down points mortgage