How Much is 3 Points on a Mortgage?
Quick calculator for 3-point mortgage costs and savings
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Create Your Own ComparisonFrequently Asked Questions
3 points on a $400,000 mortgage costs $12,000 ($400,000 × 3%). This typically reduces your rate by about 0.75%.
It depends on how long you plan to keep the loan. With 3 points, your break-even period is longer, but lifetime savings are greater if you stay 7+ years.