Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too.
This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too.
Rent: _________________________
Multiplier: X 1.32
Mortgage payment: __________________
Because of tax deductions, you can make a mortgage paymentincluding taxes and insurancethat is approximately one-third larger than your current rent payment and end up with the same amount of income.
For more help, use Fannie Maes online mortgage calculators at
http://www.fanniemae.com/homebuyers/calculators/index.jhtml?p=Resources&s=CalculatorsShare this!
Meet Bob De Young
|
|
|
Phone: (719) 660-1116 |
Bob is a military veteran and seasoned professional in the real estate arena. For over 18 years he's been coaching clients to find the "home of their dreams" and "keeper of their memories." Serving his clients to the best of his ability, he has a highly skilled reputation for integrity and fiercely negotiating on behalf of his customers and clients.
