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mortgage calculators bread crumb mortgage calculators > First Time Homebuyer Discount points Tax Deduction

First Time Homebuyer Discount points Tax Deduction

Calculate how much the discount points first time home buyer tax deduction. Discount Points is a way to lower mortgage payment by paying Discount Points at closing. Each point equals one percent. For example, Discount Point of 1 on $150,000 comes to $1,500. Homeowners can deduct the whole amount of Discount Points, if the Homeowners are first time home buyer. This discount points mortgage calculator is also one of our mortgage calculators.


Enter values that implies your situation
Total Mortgage Amount: $ Click here for mortgage term definition
Mortgage Term: years Click here for mortgage term definition
Discount Points: Click here for mortgage term definition


Mortgage Calculator Definition of Terms

Total Mortgage Amount

It is the amount that the borrower wishes to borrow. For example, 250000.

Mortgage Term

The number of years to amortized the mortgage loan. For example, 20, 25, or 30 years are common

Discount Points

Points Required to Discount the mortgage loan's Interest Rate. For example, 5.25 quotes by lender

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