| 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 Fannie Mae's online mortgage calculators at http://www.fanniemae.com/homebuyers/calculators/index.jhtml?p-Resources&s=Calculators |
| < Prev | Next > |
|---|

















