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Sheree
cell: (512) 431-8591 fax: (512) 410-3717 Kristee cell: (512) 695-5144 fax: (512) 410-3709 AustinRealEstateLeaders.com Sheree's Austin Blog AUSTIN BUYERSAustin Home Search Featured Homes Buyer's Tips & Articles Dream Home FinderNEIGHBORHOODSCosta Bella Real Estate Lago Vista Real EstateLake Travis Real Estate Lakeway Real Estate Spicewood Real Estate Steiner Ranch Real EstateAUSTIN NEW HOMESAustin Home Builders New Home CommunitiesAustin NeighborhoodsAUSTIN, TEXASAbout Austin, TX Austin Entertainment Austin Area Schools Austin Private Schools Austin Lakes Austin Links Austin Map Austin Golf Courses Austin Highrises Important Numbers Austin MLS Stats (PDF)LAKEWAY, TEXASAbout Lakeway, TX Lakeway NewsletterRELOCATION CENTERRelocation Guide Request InfoAUSTIN SELLERSSellers Info Seller Tips & Articles Marketing Strategy Home ValueABOUT SHEREE LEONARDContact Sheree & KristeeMeet Sheree LeonardSheree's BlogTestimonials About Keller WilliamsHOME FINANCINGMortgage Loans Credit Repair Tips Pre-Qualify for Home Loan Mortgage CalculatorsREALTY RESOURCESReal Estate Glossary Real Estate ResourcesImages on this page are
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Buyer's Tips & ArticlesHow 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®
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