Real Estate
Interest Rate Impact Calculator
A half-point rate change feels small. Over 30 years it can cost $50,000+ on a typical mortgage. Run the comparison.
30-year extra cost
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- Payment difference/mo
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- Total interest @ rate 1
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- Total interest @ rate 2
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FAQ
Is paying points worth it? +
Each point (1% of loan) typically drops rate 0.25%. Break-even is usually 3-5 years. If you stay longer, points pay off; if you sell/refi sooner, they do not.
Are rates negotiable? +
Yes — get 3+ Loan Estimates from different lenders. Banks compete and can shave 0.125-0.5% off the rate.