|
“How Much Can I Afford?”
|
$
|
5.
|
5.5
|
6
|
6.5
|
7
|
7.5
|
8
|
8.5
|
|
2,000
|
100,000
|
95,000
|
90,000
|
85,000
|
80,000
|
77,000
|
74,000
|
70,000
|
|
2,500
|
126,000
|
119,000
|
113,000
|
107,000
|
101,000
|
97,000
|
91,000
|
88,000
|
|
3,000
|
151,000
|
143,000
|
135000
|
128,000
|
122,000
|
116,000
|
110,000
|
105,000
|
|
3,500
|
176000
|
166,000
|
158,000
|
150000
|
142,000
|
135,000
|
129,000
|
123,000
|
|
4,000
|
210,000
|
190,000
|
180000
|
171,000
|
162,000
|
154,000
|
147,000
|
140,000
|
|
4,500
|
226,000
|
214,000
|
203,000
|
192,000
|
183,000
|
174,000
|
166,000
|
158,000
|
|
5,000
|
251,000
|
238,000
|
225,000
|
214,000
|
203,000
|
193,000
|
184,000
|
176000
|
|
5,500
|
276,000
|
262,000
|
248,000
|
236,000
|
224,000
|
212,000
|
203,000
|
194,000
|
|
6,000
|
301,000
|
284000
|
270000
|
258,000
|
245,000
|
231,000
|
221000
|
211,000
|
|
6,500
|
326,000
|
307000
|
293,000
|
280000
|
266000
|
250,000
|
240000
|
229000
|
|
7,000
|
351,000
|
331000
|
315,000
|
302,000
|
287,000
|
269,000
|
258,000
|
246,000
|
|
7,500
|
376,000
|
355,000
|
338,000
|
324,000
|
308,000
|
288,000
|
277,000
|
264,000
|
|
8,000
|
401,000
|
379,000
|
361,000
|
346,000
|
329,000
|
307,000
|
295,000
|
281,000
|
Numbers calculated using 30-year Amortization and a 20% down payment, for 10% down payment – move two boxes to the right.
Directions: Find Monthly Gross Income on left column, read across to find monthly payment with corresponding loan amount.
What Would My House Payment Be?
|
Loan Amount
|
5.
|
5.5
|
6
|
6.5
|
7
|
7.5
|
8
|
8.5
|
|
$50,000
|
268
|
284
|
300
|
316
|
333
|
350
|
367
|
384
|
|
75,000
|
403
|
426
|
450
|
474
|
499
|
524
|
550
|
577
|
|
100,000
|
537
|
568
|
600
|
632
|
665
|
699
|
734
|
769
|
|
125,000
|
671
|
710
|
750
|
790
|
832
|
875
|
917
|
961
|
|
150,000
|
805
|
852
|
899
|
948
|
998
|
1049
|
1101
|
1153
|
|
175,500
|
939
|
994
|
1049
|
1106
|
1164
|
1224
|
1284
|
1346
|
|
200,000
|
1074
|
1136
|
1199
|
1264
|
1331
|
1395
|
1468
|
1538
|
|
225,500
|
1208
|
1278
|
1349
|
1422
|
1497
|
1573
|
1651
|
1730
|
|
250,000
|
1342
|
1419
|
1499
|
1580
|
1663
|
1748
|
1834
|
1922
|
|
275,500
|
1476
|
1561
|
1649
|
1738
|
1830
|
1923
|
2018
|
2118
|
|
300,000
|
1610
|
1703
|
1799
|
1896
|
1996
|
2098
|
2201
|
2307
|
Number calculated using 30-year amortization
Directions: Find Loan Amount on left column, read across to find monthly payment with corresponding interest rate at the top.
Potential Tax Savings From Home Ownership In Oregon
|
Loan Amount
|
Yearly Interest @ 8%
|
Oregon Yearly Property Taxes
|
Gross Yearly Mortgage Interest & Prop Tax Deduction
|
28% net yearly tax advantage
|
Monthly potential tax savings
Divided by 12
|
|
$100,000 =
|
$8,000
|
+$2,000
|
=$10,000
|
$2,800
|
$234
|
|
$120,000=
|
$9,600
|
+$2,000
|
=$11,600
|
$3,248
|
$270
|
|
$140,000=
|
$11,200
|
+$2,000
|
=$13,200
|
$3,696
|
$308
|
|
$160,000=
|
$12,800
|
+$2,000
|
=$16,800
|
$4,704
|
$392
|
|
$180,000=
|
$14,400
|
+$2,500
|
=$16,900
|
$4,732
|
$394
|
|
$200,000=
|
$16,000
|
+$2,500
|
=$18,500
|
$5,180
|
$431
|
|
$220,000=
|
$17,600
|
+$2,500
|
=$20,100
|
$5,628
|
$469
|
|
$240,000=
|
$19,200
|
+$3,000
|
=$22,200
|
$6,216
|
$518
|
|
$260,000=
|
$20,800
|
+$3,000
|
=$23,800
|
$6,664
|
$555
|
|
$280,000=
|
$22,400
|
+$3,000
|
=$25,400
|
$7,112
|
$592
|
|
$300,000=
|
$24,000
|
+$3,000
|
=$27,000
|
$7,560
|
$630
|
All information deemed reliable but not guaranteed. This information should always be checked by a professional with regard to your personal tax situation. This is just an example – not truly accurate!
|
