Do Closing Costs Impact Interest Rates?
Compare effective rate when paying points versus higher rate.
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Do Closing Costs Impact Interest Rates?
Compare effective rate when paying points versus higher rate.
Payment With Points
$1,799
Payment Without Points
$1,896
Monthly Savings
$98
Break-Even Months
31 months
Recommendation
Points break even in about 31 months if you keep the loan.
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