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Given the option to pay discount points on my mortgage, which can lower my interest rate by varying amounts, what is the breakeven point in
Given the option to pay discount points on my mortgage, which can lower my interest rate by varying amounts, what is the breakeven point in months if I decide to pay $ in points on my $ mortgage? Assume a fixed term of years months and a down payment. At what minimum reduction in interest rate would it generally be beneficial for everyone to pay the points?
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