have questions

800-230-0168

 

have questions

800-230-0168

mortgage loans
Mortgage Applications
Mortgage Applications

If you are looking for Real Estate Financing, whether  Purchasing or looking to Refinance you are at the right place. Our team of highly trained mortgage professionals utilizing the latest technology can Guarantee Your Satisfaction.

If you are looking for Real Estate Financing, whether  Purchasing or looking to Refinance you are at the right place. Our team of highly trained mortgage professionals utilizing the latest technology can Guarantee Your Satisfaction.

 

Tax benefits of buying a home

This calculator estimates the tax benefit of buying a home. Input your loan parameters and the month you purchased the home. Since home interest and points are captured in itemized deductions, please estimate your Schedule A itemized deductions.

Your itemized deductions including your mortgage deductions will be compared to your standard deduction to calculate the tax benefit of purchasing your home. The difference between your Standard Deduction and Itemized Deductions will be displayed in the Carryover Deductions field. Unless stated otherwise, all fields below are on an annual basis. Itemized deduction amounts cannot be left blank, please enter a zero if that deduction does not apply to you.

Loan Information  
  Zip Code
  Property Value ($)
  Loan Amount ($)
  Interest Rate
  
Loan Points
  Loan Term (Years)
  Month Purchased

Tax Information
  Filing Status
  Tax Rate (%)
  State Tax Rate (%)
  Real Estate Taxes
  Medical & Dental
  Gifts & Charity
  Theft & Losses
  Job Expenses
 
 
 
 


The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

Print  

 

Get UNITED
     on your home loan

            Call Today 800-230-0168

Get UNITED
     on your home loan

            Call Today 800-230-0168

 
Copyright 2010 United Mortgage Corporation of America
powered by OpenClose Mortgage Software
Privacy Statement | Terms Of Use