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 is a guide line only.

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.

    If you're interested in starting the home buying process, or simply have questions, please call or e-mail. Add any special requests you have in the comments section. 

ADVANTAGE JANES REALTY cooperates fully with all other real estate companies and we have access to all available listings in our area.  As experienced Real Estate professionals, we will provide the dedication, honesty, and outstanding service that each client deserves. I look forward to working with you.