The reason is that what contractors might charge to remove the current flooring, especially in cases of tile and hardwood, can vary wildly. Installation costs can vary just as much, so we would recommend contacting 2-3 contractors and asking how much they charge per square foot for removal and installation of flooring.
Multiply the amount of your loan times the total number of points as a percentage. Using figures from the above steps, the three points bought with a $400,000 mortgage would cost $12,000: $400,000 x 0.03 = $12,000.
That average $273 fee is for a Form 1040 plus Schedule A (for itemized deductions such as mortgage interest and charitable donations), plus a state return. This yearâs average fee is 11% higher than two years ago, the last time the survey was conducted.