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Magnolia Real Estate & Property Management, LLC
3510 Manor Drive
Vicksburg, MS 39180
Phone: (601) 638-8884
Fax: (601) 638-8874
The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate BUYER'S AGENT Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® who meet the specified educational and practical experience criteria.An arrangement by which real estate brokers place their listings together so that all members of the multiple-listing service have an opportunity to sell properties listed by other members of the service.A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS® (USA) or the Canadian Real Estate Association (Canada). The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.REALTORS® with the SFR certification can be a trusted resource for short sales and foreclosures.Broker Price Opinions (BPOs). REALTORS® with knowledge and skills to reduce risk, increase opportunities, and create professional BPOs.NAR's Military Relocation Professional certification focuses on educating real estate professionals about working with current and former military service members to find housing solutions that best suit their needs and take full advantage of military benefits and support.Hold mouse over logo for description.
Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Tax Benefits Calculator

Input Information
Property Information
Home Value : ($)
Years Before Sell : (Yrs)
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
Points : (%)
Closing Costs : ($)
Taxes And Insurance Information
Annual Taxes :
Annual Insurance :
Annual PMI :
Your Tax Rates And Deductions
Tax Rate : (%)
State Tax Rate : (%)
Deductions : ($)

Financial Analysis (Switch to Plain English)
Amount Financed : $250,000.00
Monthly Principal & Interests : $1,122.61
Monthly Real Estate Taxes : $250.00
Monthly Insurance : $125.00
Loan To Value Ratio : 83.33%
Months With PMI : 24
Monthly PMI : $104.17
Total Monthly Payments : $1,601.78
  First Years Total
Interests and Points : $25,376.17 $156,640.22
Total Property Taxes : $15,000.00 $90,000.00
Total Deductions : $40,376.17 $246,640.22
Tax Savings : $12,516.61 $76,458.47
Average Payment After Taxes : $1,393.17 $1,389.39
Plain English Help (Switch to Financial Analysis)

When determining your tax benefits, you need to gather together quite a bit of information. Among the pieces of information you will need are:

  • The current value of your home
  • The number of years before you plan to sell the home
  • The amount of your loan
  • The interest rate on your loan
  • The length of your loan
  • The number of points applied to your loan
  • The closing costs when you purchased the home
  • The annual taxes for the property
  • The annual insurance for the property
  • The PMI rate
  • The Federal tax rate
  • The State tax rate
  • The amount of your deductions

After plugging in all of this information, you can determine the tax benefit of your home, which will help you determine the amount you are really paying for your mortgage each month.

If your home has a value of $300,000.00, for example, and you take out a loan for $250,000.00, your total monthly payment may come out to $1,601.78 (after considering all of the other factors described above). Due to the savings you will receive from your tax benefit, however, your average payment will be $1,393.17 during the first 5 years. If you'll decide to live in your home after this period, you will only pay $1,389.39 per month in average.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.