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    robinkroberts's Avatar
    robinkroberts Posts: 1, Reputation: 1
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    #1

    Feb 1, 2010, 04:08 PM
    Pub 936 home mortgage interest deduction
    I refinanced my home in July 2009. It is a 15yr FHA refi. On our settlement sheet, we paid a 2% Loan Discount Fee of $2,686.20. We also paid Mortgage Insurance Premium Fee of $2,310.00. The mortgage loan was for $134,310.00. Am I able to claim the 2% Loan Discount Fee and the Mort. Insurance Premium Fee listed on our settlement sheet on our taxes for 2009? Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 25, 2010, 02:59 PM
    The loan discount fee must be spread out over the 15-year life of the loan.

    You can claim the premium in year of purchase if you BUY the home, but since it is a refinance, I am not sure how to deduct the mortgage insurance premium.
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