I’ll keep it short-ish and to the point.

Wife and I have been in our home 4+ years.

Have a 3.75ish rate @ 30 years.

Owe 211,000

Valued at 300,000 when purchased.

We are looking at shrinking to a 15 or 20 year.

15 year mortgage at 2.75% is going to be roughly 1431 a month.

Is it worth it to buy a point ($2,100) for a 2.5% rate?

My math shows it paying for itself in roughly 84 months.

And I’ve seen nothing that adversely affects taxes.

SVT Mortgage Gurus?

Edit: Or maybe I have no clue what points even are.

Wife and I have been in our home 4+ years.

Have a 3.75ish rate @ 30 years.

Owe 211,000

Valued at 300,000 when purchased.

We are looking at shrinking to a 15 or 20 year.

15 year mortgage at 2.75% is going to be roughly 1431 a month.

Is it worth it to buy a point ($2,100) for a 2.5% rate?

My math shows it paying for itself in roughly 84 months.

And I’ve seen nothing that adversely affects taxes.

SVT Mortgage Gurus?

Edit: Or maybe I have no clue what points even are.

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