Thank you, but that is all irrelevant to what I am actually asking, so I believe you are misunderstanding what I am asking. My mortgage paperwork (mortgage meaning "money borrowed to buy the house") INCLUDES the VA funding fee. Somewhere along the line it shows the purchase price by itself, but the actual paperwork under "Type of Mortgage and Terms of Loan" shows the total that includes the funding fee.
Nowhere did I mention using points, taking out a separate loan, paying a downpayment, or any of that. This was a VA-financed home where all we had to pay OOP was the funding fee, which was actually rolled into the home cost and not paid at that time. No points. No money down. No closing costs (besides the funding fee).
Typically that funding fee would have been a write-off when we purchased the home, had we paid it outright at that time, but it was instead rolled into the mortgage, so that changes things. It's not "technically" the same as typical closing costs. It's its own thing. So I don't know how to count that.
I was simply asking if I need to use the home purchase price number by itself or just use the amount shown on my mortgage terms paperwork that happens to include the VA funding fee. These are not the actual numbers, but say the home price agreed on was $120000 and the funding fee was $2000 (no other money involved), so I use $120000 or $122000? I'd assume $120000 and that I also use that when making a land value estimate; but when I do a Google search, AI tells me I use the amount that *includes* the funding fee, …but I will never trust AI to give me the correct answer. That's why I came here. All other resources that come up answer any other question I could ask except the specific thing I'm looking for, at least no clearly.
