Discount points let you pay upfront to lower your rate. See the cost, the monthly savings, and how long it takes to come out ahead.
One point equals one percent of your loan amount, paid at closing to permanently lower your interest rate. A common rule of thumb is about a 0.25% rate reduction per point, though it varies by lender and market — so we leave it editable.
Points pay off if you keep the loan past the break-even month. If you may sell or refinance sooner, the upfront cost may not be worth it. The lifetime figure shows your net benefit if you hold the loan to term.