What would be the fee for a buyer to purchase 2 discount points on a home with a sale price of $275,000?
To calculate the fee for purchasing discount points on a home, we need to know the percentage of the loan amount represented by each discount point. Typically, one discount point is equal to 1% of the loan amount.
If you know the loan amount, you can calculate the fee for purchasing discount points using the following formula:
Fee = Loan amount * Discount point percentage
In this case, we need the loan amount to proceed. If you know the loan amount, please provide it so we can calculate the fee for purchasing 2 discount points.