Mortgage rate comparison
Step through rates in any increment and see the payment, the savings versus your baseline, the interest actually paid during your holding period and the balance you would still owe.
Loan
$
yrs
yrs
Interest and balance are measured at this point.
Rate range
%
%
%
%
Every row is compared to this rate.
Points check
%
$
%/yr
Buying down to 5.500% saves $158 per month. Simple payment breakeven is 52 months. After the lost investment return on $8,200, the true breakeven is 64 months.
Baseline payment $3,042 at 5.990%
12 rates| Rate | Monthly P&I | Monthly savings | Interest in 5 yrs | Balance in 5 yrs |
|---|---|---|---|---|
| 5.990% | $3,042 | — | $147,205 | $472,658 |
| 5.865% | $3,002 | $41 | $144,027 | $471,921 |
| 5.740% | $2,961 | $81 | $140,851 | $471,172 |
| 5.615% | $2,921 | $121 | $137,678 | $470,411 |
| 5.490% | $2,881 | $161 | $134,508 | $469,638 |
| 5.365% | $2,841 | $201 | $131,342 | $468,852 |
| 5.240% | $2,802 | $240 | $128,178 | $468,055 |
| 5.115% | $2,763 | $280 | $125,018 | $467,246 |
| 4.990% | $2,724 | $319 | $121,861 | $466,424 |
| 4.865% | $2,685 | $357 | $118,707 | $465,590 |
| 4.740% | $2,647 | $396 | $115,557 | $464,743 |
| 4.615% | $2,609 | $434 | $112,411 | $463,884 |