Purchase Price | $ 550,000 | |||||
Down Payment | 20% | or | $ 110,000 | |||
Mortgage Amount | $ 440,000 | |||||
Mortgage Interest Rate | 6.00% | |||||
Length of Mortgage | 30 | yrs | ||||
Monthly Mortgage Payment | $ 2,638 | |||||
Maintenance Charge | $ 563 | |||||
Monthly Out-Of-Pocket | $ 3,201 | |||||
Maintenance % Deductible | 50% | |||||
Tax Bracket | 38.5% | |||||
Initial Monthly Tax Savings | $ 950 | |||||
Initial Net Monthly Ownership Cost | $ 2,251 | |||||
Date | BV | INT | Cum INT | PMT | Amoritized | BV |
Mon | $ 440,000 | $ - | # | $ (2,638) | ## | ### |
Mon | $ 437,362 | $ 2,187 | # | $ (2,638) | ## | ### |