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MORTGAGE INFORMATION CENTER
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HOW BIG A MORTGAGE CAN I AFFORD?
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 payment—including taxes and insurance—that is approximately
one-third larger than your current rent payment and end up with the same amount of income.
For more help, use MORTGAGE AFFORDABILITY CALCULATOR.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved. www.REALTOR.org/realtormag
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I am totally focused on my
client's needs, and I work
to realize their dreams as
if they were my own.
Mag Francois
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Site Map Home Mortgage Center Home Search Home Market Value Area Resources For Buyers For Sellers Contact
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919.264.9758
Mag@TriangleHomeSale.com
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www.TriangleHomeSale.com
Raleigh Real Estate, Triangle Real Estate, Cary Real Estate, Raleigh Home Buying, Triangle Home Buying, Cary Home Buying, Raleigh Residential Real Estate, Triangle
Residential Real Estate, Cary Residential Real Estate, Triangle Real Estate Agent, Raleigh Real Estate Agent, Cary Real Estate Agent, Raleigh Real Estate, Triangle Real Estate,
Cary Real Estate, Raleigh Home Buying, Triangle Home Buying, Cary Home Buying, Raleigh Residential Real Estate, Triangle Residential Real Estate, Cary Residential Real
I am totally focused on my
client's needs, and I work
to realize their dreams as
if they were my own.
Mag Francois
|
919.264.9758
Mag@TriangleHomeSale.com
|
