Menu

What is a “Discount Point”?

Discount points are a one-time loan cost, where one discount point carries a cost equal to one percent of the first mortgage loan. For example, 1 discount point on a loan of a conforming loan limit of $650,000 would carry a cost of $6,500 to be paid at closing.

Discount points, are often tax-deductible, and can be paid with cash or added to the total loan amount.

About Susanna Grubb

Susanna can help you sell house in Jupiter or buy Jupiter homes for sale. Jupiter to Palm Beach real estate Florida waterfront homes, golf & country club homes, horse farms and beach condos. CITY: Jupiter Island, Jupiter Inlet Colony, Tequesta, Jupiter, Palm Beach Gardens, Singer Island - Palm Beach Florida homes. GOLF & COUNTRY CLUB HOMES: Admirals Cove, Ballenisles Country Club, Country Club at Mirasol, Frenchmans Reserve, Jonathans Landing, Jupiter Country Club, Jupiter Hills Club, Loxahatchee Club, Old Marsh Golf Club, Old Palm Golf Club and Tequesta Country Club.