Should I pay discount points for a lower interest rate?

In some cases, it may benefit you to 'buy down the interest rate' by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.

Contact Deseret First Credit Union: 801-456-7000 M-F 9 a.m.-5:30 p.m.

Assumptions
Loan amount ($) 
Number of years 
Mortgage Alternatives
Loan 1Loan 2
Annual interest rate
Discount points (if any)
   

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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