Should I Pay Points to Lower Interest Rate?

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Loan Info
Amount	($)
Interest	(%)
Interest with Points	(%)
Loan Length	(Yrs)
Additional Info
Points	(%)
Savings Rate	(%)
Show amortization table

Financial Analysis

	Without Points	With Points
Amount Financed	$200,000.00	$198,000.00
Monthly Payment	$1,247.74	$1,167.15
Monthly Payment Savings	$80.59
Points Value	$2,000.00
Monthly Investment Savings	$8.33
True Monthly Savings	$72.26
Break Even	2 Yrs 4 Mts

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Average Rates


30 Year Fixed:	5.25%
15 Year Fixed:	4.88%
5 Year ARM:	4.99%
From CheckRate.com Brokers

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