There always comes the time when you have to borrow money from a lender to purchase your new house. When shopping rates, some of the people I work with, wonder whether "buying" points to lower their interest rate is really worth it. Well, here is a website that has more calculators than I have ever seen.
Calculate Points and find out when the breakeven timeframe is.
If you then go to The Mortgage Professor, which is the home page, and spend some time looking at what is included in this amazing website, you will be blown away by what a resource this site is. He explains many things that confuse even the tried and true.