HOME EXPENSE CALCULATOR
“CAN’T WE ALL JUST GET A LOAN?”
Aaron Reno, Vice President Phone: (888) 66-ADVICE Aaron@IntuitiveLoans.com www.IntuitiveLoans.com
Mortgage Information and Assumptions
Purchase Price (Value) Down Payment Length of Mortgage (years) Yearly Mortgage Interest Rate Yearly Property Tax Yearly Homeowners Insurance Monthly Private Mortgage Insurance (PMI) Yearly Maintenance Yearly Improvements Federal Income Tax Rate $300,000.00 $50,000.00 30 6.50% 1.25% 0.40% $150.00 $1,000.00 $800.00 33.0%
Monthly Housing Payment
Loan Amount Mortgage Payment (PI) Property Tax (T) Insurance (I) Monthly Housing Payment (PITI) $250,000.00 $1,580.17 $312.50 $250.00 $2,142.67
Maintenance and Improvements
Maintenance Improvements Monthly Home Ownership Expense $83.33 $66.67 $2,292.67
Estimated Tax Savings
Estimated Monthly Tax Savings: Monthly Expenses (after tax benefits) $624.58 $1,518.09
Note: The calculations in this spreadsheet are only estimates, and we do not guarantee the results. Please consult your financial advisor or lending institution before making any final financial decisions.