Skip Navigation: Internet Banking Login

Your browser's version is not compatible. Please upgrade your browser.
Cancel Icon

How paying mortgage points will affect my interest rate?

Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment.

Loan and Points Information

AmountHelp Icon
TermHelp Icon
Points rateHelp Icon
Discount pointsHelp Icon
Years in homeHelp Icon

Loan without Points

Interest rateHelp Icon
by year
Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculations or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding personal finance issues.

Other Mortgage Calculators


See how much home you can afford.

Talk to a U.S. Bank Home Mortgage Loan Officer today to get started.

Need Help Calculating Costs?

Call 877-303-1639 to find out how much home you can afford.


Equal Housing Lender Equal Housing Lender

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice.

You can always call us for further information on the mortgage application process and to find out about the wide variety of mortgage products offered by U.S. Bank Home Mortgage.

Get Started
By Phone
877-303-1639 or
Rates & Products

See today's rates. Rates and products may vary by location.

See Mortgage Products

Mortgage Facts

There are many factors that affect your decision to buy a home. Discover if your finances and your future are ready for it all.

Mortgage Education

Unsupported Browser

Unsupported Browser

We've detected that you are currently accessing this site using an older version of Internet Explorer. We have not designed this site to support older versions of Internet Explorer. Therefore, you may encounter issues with how the site is displayed and how you can navigate through the site when using this older browser. We highly recommend you upgrade your current browser or download a new version of a different browser.

Upgrade Internet Explorer

Alternatively, you may want to download a new version of a different browser: