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Discount points with refinance and home improvement

Calculate how much the tax deduction for discount points with refinance with home improvement. 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. If the homeowner refinances to improve the home, he may fully deduct portion of home improvement on the year paid. As for the remainder of the discount points, it may be deducted for the life of the mortgage. Fill up the form below and hit the Calculate button for a dead easy example. 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
Home Improvement: 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

Home Improvement

An amount paid by homeowner to add or improve the property.

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Information and calculation provided on this mortgage calculators website is for general purposes only. It is not intended to take the place of advice from your mortgage brokers.