Featured Property


Warning: getimagesize(/home/u5537/public_html/components/com_hotproperty/img/thb/9_IMG_0317.JPG) [function.getimagesize]: failed to open stream: No such file or directory in /home/u5537/public_html/modules/mod_hp_hottestprop_wpic.php on line 50
photo 1
Don't Miss this Beautiful Chalet on 2 Acres
photo 1
Stylish Luxery
Front
Stunning Tudor Style Home
Darryl Unrau
Realty Executives First Choice
559 St Marys
Winnipeg, MB, R2M 3L6
Office: 204-784-3366
Cell: 204-997-1911
Fax: 204-885-8990
are points deductible? | Print |

Are points deductible?


If you are a buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.
AddThis Social Bookmark Button
 
< Prev   Next >

Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)

$   This is your rent over the period
$   This is mortgage over the period

REAL calculator

Calculate your mortgage repayments:

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
$
Monthly payment:
$