Yes. Nothing stops you from refinancing because you paid points on the original loan. Those points are a sunk cost. You probably won't fully recoup what you paid, and that stings, but it has no bearing on whether a new loan makes sense today. The mistake people talk themselves into is waiting to hit the original buydown's break-even before they'll consider refinancing again. Say you paid ten thousand dollars to lower the payment by two hundred a month, roughly a fifty-month break-even. If a better opportunity shows up in month twelve, the fact that you aren't yet made whole on the old cost is irrelevant. That money is spent either way. The only comparison that matters now is forward-looking: what does a new loan cost to close, and how much does it save you each month going forward? If the new break-even works on its own, refinance. If it doesn't, wait. Anchor the decision to today's numbers, never to a cost you already paid. Experiences like this one are also why we lean against paying points in the first place. A buydown is a bet that a better deal won't show up before the points pay for themselves, and nobody can promise that. If you want your specific break-even run, that's the free Roadmap conversation, about 20 minutes where we run your real numbers.