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.
Multiplier: X 1.32
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
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.
Marion County Office
5860 SW 6th Place
Ocala, FL 34474
Phone: (352) 220-4355
Citrus County Office
4635 N. Carl G. Rose Hwy.
Hernando, FL 34442
Phone: (352) 726-2628
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