Discount points come with risk: you might sell your home or refinance your loan before discount points pay for themselves. (themortgagereports.com)
It takes into account interest, points paid on the loan, any loan origination fee, and any mortgage insurance premiums you may have to pay. (mortgage-x.com)
The more points you pay upfront, the lower your interest rate, and the lower your monthly mortgage payment. (themortgagereports.com)