mortgage calculators > Discount points with refinance,unclaimed points, and home improvement

Discount points with refinance,unclaimed points, 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. Also, the homeowner can claim any unclaimed discount points. 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.