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Skeptical about paying points on my cash out refi in Dayton, the break even math settled it
When I pulled $48k out of my house near Dayton last spring, my loan guy pushed hard for me to pay 1.5 points up front and I figured it was just him padding his check. I ran the break even myself and at the rate drop he quoted, the $3,200 in points paid for itself in 26 months, which matters since I'm staying put till my kid finishes school in 2031. Anyone else run their own break even on points before signing, or did you just trust the loan officer's number?
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