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Is it worth to pay points?

Started by kchungnyc11
almost 14 years ago
Posts: 8
Member since: Oct 2011
Discussion about
Here is the scenario. Purchase price is 400k, and putting 25% down, which leads to a loan amount of 300k. Which financing option would you choose if you will try to hold on to the unit for at least two years +? Option 1: 3% 15 year fixed at zero points Option 2: 2.75% year fixed at 1.25 points Which one will make more sense considering tax advantages / which one would you choose and your rationale?
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