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.

To determine what your monthly mortgage payment would be on various loan amounts, visit

http://www.realtor.org/realtororg.NSF/pages/FMCalculators?OpenDocument&Login

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2003. All rights reserved.

Courtesy of Jack Slonager, REALTOR® | Click here for printer-friendly format

Contact Me!

Let me help you find "your slice of paradise" here in beautiful Southwest Florida!  Buyers, now is the time to find the deals.  Tell me what you are looking for, and I will email you properties that match your needs!

I am pleased to offer you the Dream Home Automated Home Search.  Sleep and Dream of your new home while my Dream Home Program does the work of searching for a home for you!

Our program searches the participating Multiple Listing Service database using your preset “Dream Home” criteria, matches homes with the details you want and emails them to you the day the home enters the market.

Now, at your leisure, you can review the latest properties (with the features you are most interested in) the day they become available. When you find a home you want to see, call or e-mail to arrange for your personal viewing.

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What Are You Looking For?

Property Type Choose one Single-family Multifamily Town-Home Condo Land Commercial Investment Residential Patio-Home Price Range Choose min $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000  to  Choose max $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000

Desirable Towns or Communities

Bedrooms Choose one 1+ 2+ 3+ 4+ 5+ any Bathrooms Choose one 1+ 1+ 2+ 3+ 4+ 5+ any Square Footage any 600+ 800+ 1000+ 1200+ 1800+ 2000+ 2250+ 2500+ 2750+ 3000+ 3500+ 4000+

Time Frame Immediately Three months Six months Six to twelve months Three to six-months Twelve to twentyfour months One year

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