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Discount Points Versus Interest Rates Calculator

Discount Points Versus Interest Rate Mortgage Calculator

Compare multiple combinations of interest rates and discount points to determine the mortgage that is right for you.  Most lenders offer borrowers the option to pay discount points to obtain a lower interest rate. A discount point is an up-front fee that represents 1% of the mortgage amount. As a general rule, a half of a point is equivalent to a .125% (1/8th of 1%) reduction in interest rate, so a full point is equivalent to a .250% (1/4 of 1%) reduction in interest rate. Please note that paying discount points is completely optional for borrowers

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Inputs

Indicates the size and type of mortgage you would like to obtain
Amount ($)
Type
Please Enter Mortgage Amount
Please Select Mortgage Type
Submit Valid Info to Compare Lenders and Save Money!When you provide valid personal info we may connect you with lenders which enables you to compare mortgage proposals and find the mortgage that is right for you. Click calculator for a version of this calculator that does not require personal info
First & Last Name
Contact Info
Credit ScoreYour credit score to the best of your knowledge
Please Select Credit Score
Please Enter Your First & Last Name
Please Enter a Valid First Name
Please Enter a Valid Last Name
Please Enter Your Phone Number
Please Enter a Valid Phone
Please Enter Your Email
Please Enter a Valid Email
Mortgage 1
Mortgage 2
Mortgage 3
The length, in years, of the mortgage. The most common mortgage term is 30 years
Mortgage 1
Mortgage 2
Mortgage 3
Please Enter Mortgage Amount
Compare interest rates for multiple mortgages. The current interest rate for a 30 year fixed rate mortgage is approximately 5.750%
Mortgage 1
Mortgage 2
Mortgage 3
The borrower decides whether to pay a discount point or points to obtain a lower interest rate than he or she would otherwise receive. A discount point equals 1.0% of the mortgage amount
Mortgage 1
Mortgage 2
Mortgage 3
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Outputs

Mortgage 1
Mortgage 2
Mortgage 3
Mortgage 1
Mortgage 2
Mortgage 3
Mortgage 1
Mortgage 2
Mortgage 3
Mortgage 1
Mortgage 2
Mortgage 3

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Current Mortgage Rates in San Diego1, California1 as of March 28, 2025
View All Lenders

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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.
While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.
%Mortgage Rates
$Mortgage Quote

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