Deciding whether to buy down your rate with points is a personal financial decision. As a starting point, it’s helpful to consider how much cash you’re comfortable paying upfront because points mean more money at closing. Then think of that upfront cost in context of how long you plan to own your home. Securing a lower interest rate will save you money on monthly payments over time, and you can calculate the break even point to understand how long you’ll need to own the home before that initial investment is offset by those savings. To see personalized mortgage rates and get an understanding of whether purchasing points might be worth it for you, get pre-approved.