SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/home-points-1pct

How much does one mortgage discount point cost?

1 percent of the loan amount.

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  1. 1 percent of the home price
  2. A flat $1,000
  3. 1 percent of the loan amount ✔

Why: One point is one percent of the loan, so one point on a $100,000 loan is $1,000. Points show up in the closing costs on your Loan Estimate and Closing Disclosure.

Huh, didn't know that: Points don't have to be round numbers: half a point on $100,000 is $500.

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References

Answer: 1 percent of the loan amount. One point is one percent of the loan, so one point on a $100,000 loan is $1,000. Points show up in the closing costs on your Loan Estimate and Closing Disclosure.

  1. CFPB: Lender credits and points www.consumerfinance.gov/ask-cfpb/how-should-i-use-lender-credits-and-points-also-called-discount-points-en-136
    One point equals one percent of the loan amount.
    Checked 2026-10-10.

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