Welcome To Our Mortgage Loan Calculator With Taxes Page
The purpose of this page is to give you access to the finest resources about Mortgage Loan Calculator With Taxes. We are sure you will find something here that will lead you to what you are looking for.Mortgage Loan Calculator With Taxes Questions and Answers
Resolved Question: How could this be right?!?!?
I did an mortgage affordability calculator and it told me I could only afford a $41,000 house? Really, kind of funny that when I do a mortgage monthly payment calculator with tax and homeowners insurance on a $110,000 loan I come to a monthly payment that equals what I am already paying in rent on an apartment, and I am making it right now so how is that possible? I mean, I know I couldn't afford much more than what I am already paying but regardless, it was a little disheartening. Are those things right? moreResolved Question: How does prepaying a mortgage work?
My wife and I have just entered into contract on our first house. We have locked in a 30 yr fixed. We put 25% down. After all is said and done, we should have about 30K remaining for our rainy day fund. Our monthly expenses should leave us with extra cash. If I regularly prepay my mortgage, say $500 a month, how does this work? Do my monthly payments reduce based on the agreed rate and the new outstanding principal? How do I make these calculations? Just reduce the initial principal by the prepay amount, and then use a mortgage calculator with the new loan amount and the existing rate? Does this effect the type of tax returns I will see? Many Thanks, Eric moreResolved Question: Is there a simple way to find a monthly mortgage payment without taxes and escrow?
Thanks for your answer, however, I saw it done using a TI calculator, I don't remember what steps they used. How do you figure monthly payments using an installment loan formula? PMT??? w/o interest and escrow, and taxes. thank you thanks..... moreResolved Question: Questions from a first-time home buyer?
My husband and I are looking at buying our first house. We've been in an apartment for a year and a half now and we're more than ready to move into a house and actually have some counter space and decently sized bedrooms haha. How do you calculate mortgage payments? I saw some mortgage calculators online, but they were not accurate. They didn't ask for interest rates or property taxes or anything like that. They just divided the cost of the house over 30 years. I would have assumed that you multiply the interest rate (we'll say 6%) by the cost of the house. Then divide the actual loan amount by 30 and add the interest to it. 80,000 x 0.06= $4,800 (per year, interest). 80,000/30= 2,667 + 4,800= $7,466/year or $622/month. Is that how you do it? Am I doing it wrong? Also, my husband is paying back his school loans. Our cars are paid off. We spend $65/week in groceries, $125/month for car insurance, $116/health insurance, etc. We don't waste money on frivolous crap... And according to this mortgage calculator online, it says he needs to make $61,000. If the mortgage + utilities = what we pay in rent now, and we're paying that on time every month with no problems, why does it say his salary needs to be almost twice what it is now? This is stressful... moreResolved Question: Who comes up with mortgage calculators?
I'm a single mother who has not debt a credit rating of 783 and pay 1415 in rent & that is just rent that doesn't include water, power, trash, phone, cable or anything else. Through those in and it's closer to $1800.I have no debt not even a car payment. I make sadly only about $40,000 dollars as an executive assistant. I don't live lavishly and while like any woman enjoy nice things I know when & what I can afford and live within my means though admit sometimes times are tight but I know what I can afford & never bite off more then I can afford even if I might like something better. I don't mind paying what I currently pay cheapier would be nice but still & yes I know about property taxes which where I live is about 10% paid twice a year. My point and question is I would like to buy a condo or house obviously it makes more sense so how come if I go to a "how much home can I afford" calculator it will tell me I can only afford a loan for $150,000 if that even at a fix rate and for 30 years. When even after taxes I would make well over that in 30 years. moreResolved Question: are online mortgage calculators that tell you "how much can you afford" accurate?
My monthly income is 5500 before taxes. I have no debt (i even own my car) and I have 20k to put down and it is telling me that I can only get a loan on 200k house????? I know a friend of mind who makes less than I do who got a loan for 300k just last year. What is the deal. oh, and my credit score is 730 moreResolved Question: Mortgage tax and insurance question...?
When you do mortgage calculators (I know their accuracy varies) and they say things like "you would be approved for a mortgage up to $200,000" (or whatever amount), does that mean you could get 200k including taxes and insurance, or just the loan itself? So, say I qualify for a mortgage that equals 1,000 a month. Now obviously you have to factor in tax and insurance, how does the bank do that, do they say "sorry, with tax and ins you'll be over your allowed amount", or are they only concerned with mortgage? I'm confused!!! lol I'm just trying to figure this out. not only to keep my house hunting search within my means, but also to keep myself from getting into more than I can handle. thanks! I'm preapproved btw, approval is not my question... How tax and insurance factors in is. lol.... thanks again! moreResolved Question: When all is said and done, in 30 yrs, how much does it really cost to own a home that cost 100k?
Say you have xamount to put down (say 50k if an amount is important for whatever reason) so you borrow 100k. How much in 30 years is that home costing you? (30yr fixed) Let's just use the average $3500 year tax and $2,000 year insurance. Will that 100k loan cost you about $360,000 in 30 years? Are these figures I'm seeing in mortgage calculators right? that was very informative, thank you! moreResolved Question: What is the fastest/most economical way for me to pay of my mortgage?I can afford to prepay, but I don’t know
Which one to pay of first or to prepay on all of them equally I have 3 loans against my house, when I bought my house for 145K 3 years ago I had a 80/15/5 loan (to avoid PMI). And 2 years ago I got a HELC for 15K Loans – (current balances) [monthly payment] #1 – 116K (112K) @ 6% fixed for 30 years [$836] #2 – 21,750 (19,860) @ 6.75% fixed for 30 years [$165] #3 – 15K (14500) 4.25% adjustable for 20 years My monthly payments for #1&2, including taxes are $1001. (I prepay my insurance) payment for # 3 varies but is $215 per month right now. I CANNOT refinance, I have tried for 3 months now, with different companies, the numbers don’t make sense, and there is too much cost for it to help me. I dont live in the property; it is a rented for $1050 per month. I dont have any plans to sell it. maybe i will try to refi or sell in a year If you know of an online calculator where is can put in all of my figures and do it myself, i looked but coulnt find one. moreResolved Question: Survey: How much are your mortgage payments?
I have seen mortgage calculators saying big loans are for small payments. How? I would like to know about 30 year fixed loans for homes between $100,000 and $300,000. How much is your loan and what is your monthly payment? Including insurance, taxes and pmi (if applicable)? Please say what city and state you are in. Thanks!! Extra advice appreciated. moreResolved Question: how much do you pay for your home mortgage?
Online mortage calculators seem like they are fulll of lies. I exact same info used has be from 700 a month to over a 1000 (for a loan of about 122,000). I know taxes and interest rate will change, but about how much is your loan and what is your monthly payment? I've hear it is about 10% of your mortgage, but I have a really hard time trusting the people that make a living off of selling homes. moreResolved Question: Can somebody give me a clue on my mortgage payments?
I bought my first home about 8 months ago. I had no down payment and ended up getting two separate loans. The first was $114,000 @ 6.75% 30 year fixed. The second was for $38,000 @ 9.436% 15 year balloon. Monthly payment on the first is: $1014.12 Monthly payment on the second is: $316.05 I can pay this. Its far from ideal but I'm paying only slightly more per month than I would for an apartment. I thought I might be able to refinance before too long but then too many people making $35K bought $350K houses and I'm thinking the chances of my doing that right now are slim especially since I've paid down next to no principle at this point. Let's leave the atrocious 9+% one alone for a minute. I know there are insurance fees and real estate taxes built into mortgage payments but I'm plugging $114K and 6.5% over 30 years into the generic calculators online and not getting anywhere near what I'm paying. Any help? Was supposed to be 6.75% used for calculations...typo. moreVoting Question: can a disabled couple on SSD get a mortgage?
Hello, married disabled couple ages 41 and 43 looking to be first time home owners. Credit score is fair(though I don't know why, was able to get a new car loan and credit card and they have been paid on time for 6 months) have 2 delinquent loans of total $1500 that will be paid off in the next month(hope that raises the score) Home in NY will be around $200,000. Down payment will be $40,000(thanks in part to my mother). Score is 569. I am expecting to pay around 7% interest(I based that on our score but the lower the better). Income is $3700(no taxes are taken out of SSD and disabiltiy insurance) a month and the mortgage calculators I've used said we can get a $162,000 loan. Can this happen? Should I keep dreaming? I am trying to be realistic. Based on anyones experience with what I have written is this feasable? I know a mortgage specialist will help us but I wanted to ask here first. Thank you! moreResolved Question: The pattel family purchased a home and took out a mortgage. Piti payment of the loan?
The Pattel family recently purchased a home, taking out a mortgage of $235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $6,345, and the annual hazard insurance premium is $1,479. What is the PITI payment for their loan? A. $2,729.40 B. $2,586.05 C. $1,849.45 D. $652.00 I tried the mortgage calculator, and it is not working. thank you for the help!! moreResolved Question: Real cost of mortgage loan calculator?
My parents are considering refinancing to a fixed rate mortgate. I need software that can take in the following info: quoted rate, initial fees including mortgate points, loan amount, loan period, tax deductions on mortgate interest. The software needs to output the following. Total payments minus tax break plotted against time. If there is no such software, a webpage with step by step instructions to do the calculation would be helpful. moreResolved Question: CyberProblem?
Cyberproblem: Prepayment vs. Investment Analysis. In managing one's own finances, as well as those of a business, there are numerous decision situations where applications of "Time Value of Money" (TVM) concepts and methods help one assess the financial consequences of alternative courses of action. One such situation is the decision to prepay part or all of one's mortgage or loan balance by making extra periodic principal payments. As one makes extra principal payments, the loan balance is reduced faster. This means you pay less interest over the life of the loan and the loan will be repaid earlier (i.e. fewer payments). For example, a person might decide to pay $50.00 per month extra (i.e. if their mortgage payment was $900 per month, they might pay $950 each month, $50 extra) on a mortgage loan. The extra payment of $50 would be applied each month to reduce the principal balance. However, there are important factors to consider before making this decision. For example, if the mortgage loan is on the person's primary residence, the interest on the loan may be tax deductible. This reduces the net, after-tax cost of the loan. To consider the financial consequences of this decision, you can search the Internet for free financial calculators, including some that will assist with a prepayment versus investment scenario analysis. Before using a Web site, you will need to amortize the loan you will use as input data for the analysis. Suppose you purchase a home for $150,000 and obtain a 90% mortgage loan, 30-year maturity, at a fixed annual interest rate of 8.0%, with deferred monthly payments. What is the monthly payment for principal and interest (P&I) on this loan? The loan amount is $150,000 x 0.90 = $135,000 The calculator keystrokes follow. PV = - $135,000; N = 360 (30yrs x 12 per year); I = 8.0%/12 = 0.6667; FV = 0 (the loan will be paid off at maturity); SOLVE for PMT = $990.62 Note: If you enter the interest rate at 0.6667% per month you get the payment above. If you carry full precision on your calculator, the PMT = $990.62. The data you will need for the prepayment scenario include the following. Loan Balance: $135000 Current Payment: $990.62 Additional Payment: $50.00 Loan Interest Rate: 8.0% Loan Interest Deductibility: YES Investment Rate Return: 6.00%* Tax Bracket: 30.00% Investment Type: After-Tax *The Investment rate return is your opportunity cost estimate. It is the annual rate you think you can earn on the $50 extra principal payment if you did not make extra principal payments on your mortgage but instead, invested it. Now visit the website http://www.mortgage-calc.com/mortgage/index.html, and select Prepayment vs. Investment. a.After 12 months of making extra payments, what will be the loan balance? b.After 12 months of making the regular payment and investing the $50, what will be the loan balance? c.Under the regular payment and investing option, excluding the tax due on the interest earned, what is the investment balance after 12 months? d.Compare the scenarios of investment versus prepayment by examining the 60th payment, which occurs at the end of the fifth year. What is the difference between the (a) interest portion of that payment, (b) tax deduction for interest, and (c) principal balance? Finally, how much is in the investment account? e.(a) How long does it take to repay the entire loan under the prepayment option? (b) What is the total interest paid over the life of the loan? f.Compare the total interest paid under each scenario? How much less in interest do you pay under the prepayment option? g.If you make an extra $50.00 principal payment per month, what are the opportunity cost considerations? h.What are the relevant cash flows to consider in this decision? For example, do you consider the tax implications and if so, then how? i.Do you go out to lunch too often? Go to this site http://marketplacemoney.publicradio.org/toolbox/calculators/LunchSaver.htmland use the Lunch Savings Calculator to see how much money you can save by not going out to lunch. If this site does not function for you, search the Internet for a similar calculator. Suppose you usually spend $6.00 a day when you go out to lunch, when bringing your lunch to school/work would only cost you about $2.00 a day. Since there are approximately 20 weekdays in a month, enter that value for the days eaten per month. How much money would you save after 15 years if you could earn a 10% yield on the money you save? If this site does not function for you, search the Internet for a similar calculator. If you do use a different site, provide the URL to your instructor. j.Suppose your investment account earns an average annual return of 9%, and the average rate of inflation is 3%. Go to this site http://www.nwcu.com/Web_Tools_and_Links/Calculators/Reitrement_Planner/ and use the Save a Million Calculator to see how long it would take to have a million dollars. State your answer in total years. Imagine that you started with an initial investment of $20,000 and made monthly $150 contributions (assume that your deposits are inflated at the average rate of inflation)? If this site does not function for you, search the Internet for a similar calculator. If you do use a different site, provide the URL to your instructor. *Adapted from: Brigham, E. F. & Houston, J. F. Chapter 6 Cyberproblem: Prepayment vs. Investment Analysis in Fundamentals of financial management (10th ed.). Retrieved March 10, 2006, from http://www.swlearning.com/finance/brigham/ffm10e/ffm10e.html moreVoting Question: What are the steps for a mortgage calculator with these in it?:?
Home value, loan amount, term (years), homeowner's insurance (yearly), property taxes (yearly), interest, and equals to the monthly payment. Home value, loan amount, term (years), homeowner's insurance (yearly), property taxes (yearly), interest, and equals to the monthly payment. And please give me the website address. This is all on for my 1st hour class, on a program called "Simply Visual Basic 2005" by: Deitel. moreResolved Question: What do I need to to before I even look at purchasing a house?
The reason I'm putting this in weddings is that I'm here most of the time and figure there are people here in the same situation. Thanks for your help!! I know a fixed rate mortgage is better than a variable (9 times out of 10). I have looked at some of the calculators online and am having trouble with the tax and insurance rates, as I will be a first time buyer. Any ideas where I can find that information? Any general suggestions? We are working on paying off our credit cards, car, and student loans.. Saving as much as we can for a down payment.. just under a year ago, my credit score was in the mid to upper 600's (depending on the credit company). I will be checking my credit again once it's been a full year. Also, just as a side note, I am not looking to e-mail someone to get approved for a loan. I am nowhere near that point yet, but thank you for any advice you can give. moreResolved Question: What do I need to to before I even look at purchasing a house?
I know a fixed rate mortgage is better than a variable (9 times out of 10). I have looked at some of the calculators online and am having trouble with the tax and insurance rates, as I will be a first time buyer. Any ideas where I can find that information? Any general suggestions? We are working on paying off our credit cards, car, and student loans.. Saving as much as we can for a down payment.. Emcee H - Thank you for the advice, but we're nowhere close to that yet! I will definitely make sure that's done before we go too far. Also, a bit more info.. I'm in the burbs of Chicago, if that helps with anything. moreResolved Question: Why do I owe so much tax this year?
Last year, I earned $36k with one exemption (me), while my wife earned about $30k with one exemption (her). Married filing jointly landed us a tax bill of $1146 in addition to the $5300+ we paid throughout the year in payroll deductions. We both reduced our exemptions to zero. I earned $41k this year, she earned $39k. I ran the TurboTax return calculator, and again it says we will owe over a thousand dollars, after paying $6800 in federal income deductions. Is this the marriage penalty? We don't have kids and can't yet afford a mortgage due to student loan debt and various bonehead credit card balances from the past. I did pay $1800 in student loan interest, but that doesn't seem to make a dent. What are we doing wrong? How can we owe so much in taxes? We claim zero exemptions, the only thing left for us to do is pay EXTRA each paycheck. That doesn't seem right. We have only lived in Washington state, there does not appear to be a renters credit available for us, nor is head of household an option. We also both put 10% of our income into our employers' 401k programs, which helps reduce our taxable income some, but not enough. moreResolved Question: mortgage refinance right for us?
I have a 1.30% negative am loan that i need to get out of, i currently owe 650,000.00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2,450.00 including my taxes? Even if i have to get myself into an interest only loan for the first 3-5 years or so, by then my wife and i would be off better financially and can refinance into something fixed. My home is worth about 750,000 so i still have some equity in it and have had this negative am loan for about 2 1/2 years now. I was on lending tree and put my info in the mortgage calculator and it brought out different scenarios and one did have a payment of 2,450.00 is this realistic? i pay 8,200.00 in real estate taxes a year. moreResolved Question: Mortgage Payments?
What is a good rule of thumb when trying to figure out what a monthly payment would be given x dollars borrowed for y years and z in taxes? Should I use an online ammoritization schedule? I don't like the online loan calculators, they all seem to lowball it quite a bit. Thanks for any help. moreResolved Question: Approx how much should I set aside for TAXES if it is not coming out of my pay?
I will be making approx 90K a year. My dilemma is that I would like to know approx how much taxes I will be expected to pay (both federal and state). I live in MA where there is a 5% income tax. I have the maximum allowable deduction for school loan interest ($2500), and I will be filing jointly with my husband. I will be paying my own (and my husbands health insurance) approx $8500 a year for both of us. My work related expensive are about $4000 a year. My husband usually owes about 11K on his own of taxes after deductions (he is a partner in an LLC) a. We have no dependants. And cannot claim our mortgage interest/payment (another story!). I have some other small deductions but nothing too significant. What @ will I owe. I found an online irs fed tax calculator and added that number to my 5% state tax and got approx 9000+4500=13500. I feel like this is way to low and that I must be doing something wrong since my husband isn't paying much less making 45K. Help! PS I am a contractor which is why this pay isn't taken out by my employer. As for the mortgage issue we legally do not own our condo. Our parents "bought" the place because we don't have enough earning history (since I am just out of school). We pay the mortgage, but they are paying the taxes and taking the deductions for it until we get enough credit history to officially take over the mortgage at a decent rate moreResolved Question: Mortgage Refinance?
I have a 1.25% negative am loan that i need to get out of, i currently owe 673,000.00 for both my first and my second, my question is can i get a loan that is not a negative am loan and have my payments at 2,500.00 including my taxes? Even if i have to get myself into an interest only loan for the first 3-5 years or so, by then my wife and i would be off better financially and can refinance into something fixed. My home is worth about 750,000 so i still have some equity in it and have had this negative am loan for about 2 1/2 years now. I was on lending tree and put my info in the mortgage calculator and it brought out different scenarios and one did have a payment of 2,400.00 is this realistic? i pay 8,000.00 in real estate taxes a year. I realize i cannot get an interest only loan plus get my taxes paid for $2500.00 So can i get a payment of $2500 without the taxes? for 673,000? moreResolved Question: Is this mortgage calculator accurate???
I found this mortgage calculator provided by a home builder. This one not only includes Principle and Interest, it also appears to include Taxes and Insurance (although, not sure how accurate). In the link, click up top on "How much can I afford" and select "Find out how much my monthly payment would be." And select your state. http://www.mihomes.com/ Please tell me if this is pretty accurate. It doesn't add in PMI, instead it breaks it out to two mortgages, 80/20 maybe? But it doesnt tell you what the rate is on the second mortgage. I'm just trying to figure some things out before I have my credit checked and speak to a loan officer. Thanks moreResolved Question: Looking for financial calculator/advice?
I am looking for someone or something to answer this question for me. I have a home mortgage at 5.75% with 28 years on it fixed, and I also have a student loan at 4.125% with 25 years on it fixed. The mortgage is around $200k, and the student loan around $30k. I need to know if it is better to pay off the student loan first, and then use that extra monthly payment to pay off or down the mortgage, or is it better to pay down the mortgage since it is at a higher interest rate. Both payments are tax deductible, and I am in the 28% tax bracket. I have no other debt. I am working on creating a savings account to cover expenses in case of an emergency, and I contribute the max each year to my ira account. I can not get a 401k. I have 2 young children, that I need to start saving for their college, but have not done so yet. Anyone know of a good calculator that will let me plug in my numbers to see where I can obtain the best results with any extra income? Thank you. moreResolved Question: Mortgage Calculators?
If the mortgage calculators will calculate how much the loan repayment will cost. How do I figure out approx. how much the TOTAL payment will cost? eg. property tax, pmi, insurance, etc? Thanks moreResolved Question: why will my monthly payment be higher quoted from mortgage company than from mortgage calculators on internet.
i got a quote of 7.75 interest rate on a 30 yr.conforming fixed home loan(for $45,000)and he told me it would be like 390 a month, not including tax and insurance. when i go to a mortgage calculator on the internet and type in 7.75%, 45,000 loan, and $0 down payment it says around $250 a month. can anyone tell me more about how this works, thank you moreMortgage Loan Calculator With Taxes News
mortgage loan calculator with taxes
The tax code is still not your friend, but it does offer breaks that might ease the sting of hard times. Buying a home. The economic crisis has spurred Congress to add to the already favorable tax treatment given to homes. Home buyers who haven't ...
Read more7 Ways Hard Times Can Cut Your Taxes - US News and World Report
With less than a month before the end of the tax year, you may want to set aside a moment during the busy holiday season to consider some quick IRS tips that may give you the gift of time and money saved next year. Gather your records -- With the ...
Read moreFollow end-of-the-year tax tips - Fremont News-Messenger
With less than a month before the end of the tax year, you may want to set aside a moment during the busy holiday season to consider some quick IRS tips that may give you the gift of time and money saved next year. Gather Your Records -- With the ...
Read moreNot too soon to get started on tax preparation - Port Clinton News Herald
Like many retirees, Marlene Laffoon, 73, watches in dismay as both her home’s value and her investments slide southward. And yet everyday costs for this former bookkeeper aren’t falling correspondingly. So Laffoon’s spirits rose last month on ...
Read moreMore seniors opt for reverse mortgages - Buffalo News
Suddenly, the traditional wisdom of putting aside cash for an emergency seems more important than ever. With economic storm clouds brewing, it makes sense to have three to six months' worth of living expenses -- even more if you can manage it ...
Read moreNeed cash? Here's where to find it fast - WTVF
Now faith is the substance of things hoped for, the evidence of things not seen (Hebrews 11:1). Hope makes the world go around. It is the essence of entrepreneurship: pursuing profits by meeting future consumer demand. Samuel Johnson over two ...
Read moreThe Monetization of Hope - Lewrockwell.com
Read moreMortgage Loan Calculator With Taxes Links
|
Blinkx Video Search |
|
Have some FUN! |
|
Video News & Entertainment |
|
Vida's Video Picks |
|
1000's Of Free Coupon Codes |