hamburger menu icon
Should I pay discount points?

Discount Points (Points) and Origination Fees are basically pre-paid interest on your loan. Dave Ramsey does not recommend paying them in most cases, because you can actually lose money when you pay points or origination fees! This is upfront money out of your pocket, so if you don't stay in the home long enough to at least break even, you will not experience any actual savings and may lose money vs. a No Points and No Origination Fee quote.

Original Interest rate:
Interest rate with Discount Points:
Discount Points:
Total Home Mortgage Amount:
Term of the loan:

This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

Avoid a Mortgage that Busts Your Budget

Avoid the 6 hidden traps in the average mortgage. Download our free guide and you will learn expert insights into your mortgage options, gain access to powerful home search tools, and learn the key mistakes to avoid.