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Should You Pay Mortgage Discount Points?
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Should You Pay Mortgage Discount Points?

Michael Jensen, Mortgage and Finance Guru
, Mortgage and Finance Guru

15 Year Fixed Rate Mortgage

0 Points2.750%
.5 Points2.625%
1 Points2.500%
1.5 Points2.375%
2 Points2.250%
2.5 Points2.125%
3 Points2.000%

The table below shows interest rates and fees, including points, for leading lenders in your area.  We recommend that you contact multiple lenders in the table to understand how discount points impact your loan terms including your interest rate.  Comparing mortgage proposals enables you to to determine if you should pay discount points and select the loan that best meets your needs.   

  • %
    Current Mortgage Rates as of December 7, 2019
    • Lender
    • APR
    • Loan Type
    • Rate
    • Payment
    • Fees
    • Contact
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    %

    Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
  • Review our Should I Pay Discount Points? video to learn if paying points is right for you.

  • FREEandCLEAR Mortgage Instructional Video

    Should I Pay Discount Points? Instructional Video

  • Sources

    Discount Points: http://www.thehomestory.com/what-you-should-know-about-mortgage-discount-points/

    About the author

    Michael Jensen, Mortgage and Finance Guru

    Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

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