: You can generally only deduct interest (including points) on the first $750,000 of mortgage debt ($375,000 if married filing separately).
: To deduct points, your total itemized deductions must exceed the standard deduction ($15,750 for single filers; $31,500 for married filing jointly in 2025). buying points on mortgage
: If you think you'll refinance soon because market rates are falling, paying for a permanent buydown now is a wasted expense. : You can generally only deduct interest (including
: You have enough cash for a 20% down payment (to avoid PMI ) plus the additional cost of points without draining your emergency fund. 000 of mortgage debt ($375
: You can often buy fractional points (e.g., 0.5 points) or multiple points, usually capped at three or four by most lenders. The Break-Even Calculation