Question around discount points!

[Brandon Craig]

Hi All,

My lender offered these options for my first investment property and it seems crazy that I have to throw away another 10k on top of everything else.

With 15% down the interest rate would be 6.375% but you would be required to pay around $10k in discount points.

With 20% down the interest rate would be 5.99% but you would be required to pay around $10k in discount points.

With 25% down the interest rate would be 5.99% but you would be required to pay around $5,500 in discount points.

Is this normal?

thanks,

Brandon