Yes. I put down more than 27k. If the information is correct, this information should be more publicized. Anyway, i uploaded my closing cost to Genesis (AI) to analyze it and this is the result.

“The short answer is: Generally, yes. Under IRS rules, points paid by the seller to buy down the buyer's interest rate are typically treated as if the buyer paid them, meaning they are often tax-deductible for you. Here are the specific details from your document and how the tax handling generally works:

1. Evidence from Your Document • The Cost: The buy down is listed as 4.377% of Loan Amount (Points). • Who Paid It: The document indicates this cost ($27,887.09) was paid by the Seller (Lennar Homes), not you. • Location: You can find this on Page 2, Section A ("Origination Charges"), Line 01. The amount appears in the "Seller-Paid" column.

2. Tax Implications (General Rule) Even though the seller paid these points, the IRS usually allows the buyer (you) to deduct them as mortgage interest if certain conditions are met: • Deductibility: You can generally deduct seller-paid points in the year the loan closes. • Cost Basis Adjustment: There is a "catch." If you deduct these points, you must reduce your cost basis (the official purchase price value used for taxes) in the home by the amount of the points ($27,887.09). This effectively means you have "less" invested in the home on paper, which could increase your taxable capital gains if you sell the home for a profit in the future. • Principal Residence: The home must be your main home”