Two points cost 2% of your loan amount and typically reduce your rate by about 0.5%. The marginal benefit per point stays roughly constant.
Calculate the breakeven for 2 points, 1 point, and 0 points to make an informed decision. Compare monthly savings and total cost.
Two-Point Analysis
Patrick Kevin Fagan explains two-point analysis for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 2 mortgage points versus 1 point or no points.
Marginal Benefit
Patrick Kevin Fagan explains marginal benefit for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 2 mortgage points versus 1 point or no points.
Break-Even Comparison
Patrick Kevin Fagan explains break-even comparison for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 2 mortgage points versus 1 point or no points.
When 2 Points Makes Sense
Patrick Kevin Fagan explains when 2 points makes sense for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 2 mortgage points versus 1 point or no points.
