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Tax Benefits Calculator

This calculator is useful to determine your tax savings after purchasing a home. Financial analysis includes first years and total tax savings.

Input

Property Info
Home Value	($)
Years Before Sell	(Yrs)
Loan Info
Amount	($)
Interest	(%)
Loan Length	(Yrs)
Points	(%)
Taxes and Insurance
Annual Property Taxes	($) (%)
Annual Insurance	($) (%)
Annual PMI	($) (%)
Your Tax Rates and Deductions
Your Tax Rate	(%)
State Tax	(%)
Annual Deductions	($)
Show amortization table

Financial Analysis

Amount Financed	$198,000.00
Monthly Payment	$1,247.74
Monthly Property Taxes	$250.00
Monthly Insurance	$125.00
Months with PMI	0
Monthly PMI	$0.00
Total Monthly Payment	$1,622.74
	First Years	Total
Interest and Points	$63,814.88	$251,186.33
Total Property Taxes	$15,000.00	$90,000.00
Total Annual Deductions	$15,000.00	$90,000.00
Total Deductions	$93,814.88	$431,186.33
Tax Savings	$29,082.61	$133,667.76
Average Payment After Taxes	$763.03	$876.44

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

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