Buying Points Worth It?

[Mike Montanye]

Does it make sense to buy points as long as you plan to hold past the breakeven point?

For an additional $1600 we can lower our monthly payment by $50. This would take 2.6yrs to get the $1600 back and we do plan to hold longer than that.

Any help on this topic would be great.

[Joel Case]

The breakeven point is the metric that I personally use, I would be interested to hear other's thoughts on what other considerations there are when discussing points.