The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J. P. who wrote (1954)	2/28/2002 10:46:08 AM
From: Patricia	Read Replies (2) of 306849

J. P. Got this from mortgage tables re $300,000 home. Cost of Home $300,000.00 Down Payment 60,000.00 Mortgage amt 240,000.00 Principal and interest ea. mo. 7% for 30 yrs. 1,596.64 Approx. taxes ea. month (3,600 per year) 300.00 Insurance per month 50.00 __________ PITI each month to own $1946.94 The breakdown of what the interest and principal is each month can be found here. list.realestate.yahoo.com $15,335.77 is what the first year total interest payment is which is used when preparing your taxes, and then the approximate amount of $3,600 for taxes(or whatever the amount is) is also deducted which brings the total of approx. $18,935.77 which can be deducted from your taxes. Hope this helps. EDIT: sorry this did not line up right for some reason

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next