We bought a condo in March 2022. With all the cost of buying a home are we able to deduct?
Our Monthly payment will include:
Principal & Interest
MMI/PMI Insurance
Escrow for Taxes
Escrow for Hazard Insurance
Are we able to deduct some or all of these monthly fees?
CLOSING COST DETAILS
Also, there were a lot of other fees and cost are we able to deduct?
LOAN COSTS
Origination Charges Include:
2.767% of Loan Amount (Points)
Processing Fee
Underwriting Fee
Services Borrower Did Not Shop For Include:
Appraisal Fee
Credit Report Fee
HOA Certification Fee
Services Borrower Did Shop For Include:
Title – Abstract Fee
Title – Closing Protection Fee
Title – Document Preparation Fee
Title – Electronic Recording Fee
Title – Endorsement 8.1
Title – Endorsement 9
Title – Escrow Fee
Title – Lenders Title Insurance
OTHER COSTS
Taxes & Other Government Fees
Recording Fees that Include Deed & Mortgage Recording Fees
Prepaids
Homeowners Insurance Premium
Prepaid Interest ($26.79 per day from 03/16/22 to 04/01/22)
Other
Real Estate Transaction Coordination Fee
Thank You all for your help with this, it gets a bit overwhelming when you think about it! Thanks Again for your help!
@deductions
