Three-quarters of a point costs 0.75% of your loan amount and typically reduces your rate by about 0.1875%. It sits between a half point and a full point.
Calculate the specific break-even for your loan amount to see if 0.75 points offers the right balance of cost and savings.
0.75 Point Math
Patrick Kevin Fagan explains 0.75 point math for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 0.75 mortgage points and comparing it to other point increments.
Break-Even Analysis
Patrick Kevin Fagan explains break-even analysis for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 0.75 mortgage points and comparing it to other point increments.
Comparison to Other Increments
Patrick Kevin Fagan explains comparison to other increments for homebuyers in San Antonio and the Texas Hill Country. A detailed analysis of buying 0.75 mortgage points and comparing it to other point increments.
