Paying points to buy down your rate only pays off if you stay past the breakeven — about 60 months in the example below. Run your own numbers here, and ask the big question first: who is paying the points?
Want the full math on buying now vs. waiting? Read Rate Buydown vs. Waiting: Should You Buy Now or Wait for Rates to Drop? — or start your pre-approval and I’ll price your buydown with the seller.