Home › Forums › Closed Forums › Buying and Selling RE › Why Don’t Mortgage Calculators Factor Tax Break?
- This topic has 90 replies, 14 voices, and was last updated 15 years ago by
WaitingToExhale.
-
AuthorPosts
-
February 18, 2010 at 8:47 AM #17069February 18, 2010 at 9:20 AM #514453
sdrealtor
ParticipantNope. For most people, they should keep it close to affordablity or buy vs. rent without factoring in taxes. Over time as incomes rise with inflation and career growth it will become a better deal. Consider the taxes your bonus from Uncle sam.
February 18, 2010 at 9:20 AM #515349sdrealtor
ParticipantNope. For most people, they should keep it close to affordablity or buy vs. rent without factoring in taxes. Over time as incomes rise with inflation and career growth it will become a better deal. Consider the taxes your bonus from Uncle sam.
February 18, 2010 at 9:20 AM #515108sdrealtor
ParticipantNope. For most people, they should keep it close to affordablity or buy vs. rent without factoring in taxes. Over time as incomes rise with inflation and career growth it will become a better deal. Consider the taxes your bonus from Uncle sam.
February 18, 2010 at 9:20 AM #515015sdrealtor
ParticipantNope. For most people, they should keep it close to affordablity or buy vs. rent without factoring in taxes. Over time as incomes rise with inflation and career growth it will become a better deal. Consider the taxes your bonus from Uncle sam.
February 18, 2010 at 9:20 AM #514597sdrealtor
ParticipantNope. For most people, they should keep it close to affordablity or buy vs. rent without factoring in taxes. Over time as incomes rise with inflation and career growth it will become a better deal. Consider the taxes your bonus from Uncle sam.
February 18, 2010 at 9:34 AM #514602creechrr
ParticipantI agree with sdrealtor. The tax break should be looked as a bonus of sorts. If you can’t afford the place without the tax adjustment, you probably can’t really afford it.
That being said. I found an excel spreadsheet that computes the deduction for you based on your inputs. I modified it to estimate your effective payment after property tax and mortgage interest deduction based on your tax rate. I even make an attempt at guestimating PMI.
It has proven to be pretty accurate so far +/- a percent or two.
I think my google query was something like “mortgage calculator excel”.
I think the web site was vertex something or other.
I hope that helps.
Or, PM me an email address and I’ll send you what I have.
February 18, 2010 at 9:34 AM #515354creechrr
ParticipantI agree with sdrealtor. The tax break should be looked as a bonus of sorts. If you can’t afford the place without the tax adjustment, you probably can’t really afford it.
That being said. I found an excel spreadsheet that computes the deduction for you based on your inputs. I modified it to estimate your effective payment after property tax and mortgage interest deduction based on your tax rate. I even make an attempt at guestimating PMI.
It has proven to be pretty accurate so far +/- a percent or two.
I think my google query was something like “mortgage calculator excel”.
I think the web site was vertex something or other.
I hope that helps.
Or, PM me an email address and I’ll send you what I have.
February 18, 2010 at 9:34 AM #514458creechrr
ParticipantI agree with sdrealtor. The tax break should be looked as a bonus of sorts. If you can’t afford the place without the tax adjustment, you probably can’t really afford it.
That being said. I found an excel spreadsheet that computes the deduction for you based on your inputs. I modified it to estimate your effective payment after property tax and mortgage interest deduction based on your tax rate. I even make an attempt at guestimating PMI.
It has proven to be pretty accurate so far +/- a percent or two.
I think my google query was something like “mortgage calculator excel”.
I think the web site was vertex something or other.
I hope that helps.
Or, PM me an email address and I’ll send you what I have.
February 18, 2010 at 9:34 AM #515112creechrr
ParticipantI agree with sdrealtor. The tax break should be looked as a bonus of sorts. If you can’t afford the place without the tax adjustment, you probably can’t really afford it.
That being said. I found an excel spreadsheet that computes the deduction for you based on your inputs. I modified it to estimate your effective payment after property tax and mortgage interest deduction based on your tax rate. I even make an attempt at guestimating PMI.
It has proven to be pretty accurate so far +/- a percent or two.
I think my google query was something like “mortgage calculator excel”.
I think the web site was vertex something or other.
I hope that helps.
Or, PM me an email address and I’ll send you what I have.
February 18, 2010 at 9:34 AM #515020creechrr
ParticipantI agree with sdrealtor. The tax break should be looked as a bonus of sorts. If you can’t afford the place without the tax adjustment, you probably can’t really afford it.
That being said. I found an excel spreadsheet that computes the deduction for you based on your inputs. I modified it to estimate your effective payment after property tax and mortgage interest deduction based on your tax rate. I even make an attempt at guestimating PMI.
It has proven to be pretty accurate so far +/- a percent or two.
I think my google query was something like “mortgage calculator excel”.
I think the web site was vertex something or other.
I hope that helps.
Or, PM me an email address and I’ll send you what I have.
February 18, 2010 at 10:35 AM #515035AK
ParticipantHmmmm, maybe try jumbo FHA?
February 18, 2010 at 10:35 AM #514617AK
ParticipantHmmmm, maybe try jumbo FHA?
February 18, 2010 at 10:35 AM #515369AK
ParticipantHmmmm, maybe try jumbo FHA?
February 18, 2010 at 10:35 AM #515125AK
ParticipantHmmmm, maybe try jumbo FHA?
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.