Kettelhut Real Estate Logo
Our Agents Hours & Location
Steve: (402) 300-0547 Scott: (402) 300-2659 Megan: (402) 443-6008
Kettelhut Office: (402) 729-3060
How Big a Mortgage Can I Afford?
10 Questions to Ask Your Lender
10 Things a Lender Needs From You
Choices That Will Affect Your Loan
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.

 

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005 ©. www.REALTOR.org/realtormag

 


This data was last updated on Mon Dec 10 15:11:01 EST 2018. The data is subject to change or updating at any time without prior notice. The data is deemed to be reliable but no warranties of any kind, express or implied, are given. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is provided in part by the Internet Data Exchange (IDX) program of the Tri-County Board of Realtors┬«, Inc. The listing firm is identified in the detailed listing information. Copyright © Mon Dec 10 15:11:01 EST 2018 Tri-County Board of Realtors ®, Inc.
© Kettelhut Real Estate, Mon Dec 10 15:11:01 EST 2018. All Rights Reserved.
515 E Street
Fairbury, Nebraska 68352
Phone:  (402) 729-3060
Contact Us  |  Hours & Directions