Mortgage Calculator
MLS information is deemed reliable, but not guanenteed to be accurate. Tax rate loan rate, and insurance defautls are general estimates (you may enter you own information to get more accurate results.
Property Information
Loan Information
| Percent Down: |
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| Loan Rate: |
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| Loan Points (Prepaid Interest): |
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| Down Payment Amount: |
$74,980 |
|
| FHA Upfront Premium: |
$0 |
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| Monthly Mortgage Insurance: |
$0 |
|
Monthly Payment Information
| Monthly Mortgage Payment: |
$1,520 |
|
| Monthly Mortgage Insurance: |
$0 |
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| Property Taxes (Prorated Monthly): |
$344 |
|
| Home Owners Association Dues: |
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| Home Owners Insurance (Prorated Monthly): |
$70 |
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| Total Monthly Payment: |
$3,362 |
|
| Monthly Net Payment After Taxes: |
$2,995 |
|
Non-reoccuring Closing Costs
| Down Payment Amount: |
$74,980 |
|
| Loan Points (Prepaid Interest): |
$6,561 |
|
| FHA Upfront Premium: |
$0 |
|
| Loan Fees: |
$1,500 |
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| Lender's Title Insurance: |
536 |
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| Total Closing Costs: |
$83,041 |
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| Net Closing Costs After Taxes: |
$73,401 |
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Federal Income Tax Write-off
| Marginal Income Tax Rate: |
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Tax Schedule
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| Initial Write-off |
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| Loan Points (Prepaid Interest): |
$6,561 |
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| FHA Upfront Premium: |
$0 |
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| Total Initial Tax Reduction: |
$9,640 |
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| Monthly Write-off |
|
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| Monthly Interest Payment: |
$1,125 |
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| Monthly Mortgage Insurance: |
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| Property Taxes (Prorated Monthly): |
$344 |
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| Total Monthly Tax Deductions: |
$1,469 |
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| Total Monthly Tax Reduction: |
$367 |
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