THE MORTGAGEPHOENIX GROUP
Mortgage Tools
| Debt | Type | Balance | Rate % | Payment | Term mo. | Remaining |
|---|
Balance-weighted average across the debts checked above.
Buying costs rise with property tax, insurance and maintenance inflation. Rent rises at the rate set alongside.
Mortgage interest and property tax may be deductible, which would reduce the true cost of owning. No tax benefit is included in any figure above; the amount depends entirely on your own return and should be quantified by your tax advisor.
Averaged over the first twelve months. Rental income is shown net of vacancy.
No tax treatment is applied. Depreciation, passive loss rules, recapture and capital gains all affect your actual return and depend on your own situation.
Cash to close is the down payment plus points, closing costs and prepaids, less any credits.
Company NMLS #1105497 · 8599 Haven Ave Ste 301, Rancho Cucamonga, CA 91730
info@themortgagephoenixgroup.com
Figures are estimates for discussion only and are not a commitment to lend, an offer of credit, or a Loan Estimate. Rates, payments, terms, appreciation and cost assumptions shown are entered by you and are subject to credit approval, underwriting, appraisal and program guidelines; actual terms will differ. Property appreciation and rent growth are assumptions, not forecasts, and actual values may fall. Payoff amounts, per-diem interest, escrows and prepaid items are not included unless entered. Consolidating shorter-term debt into a mortgage extends the repayment period and may increase the total interest paid over the life of the debt even when the monthly payment is lower. No income tax effect is included in any figure; interest on consumer debt is generally not deductible and mortgage interest may be, subject to limits. Rental figures exclude depreciation, passive loss limitations, depreciation recapture and capital gains. Consult a tax advisor. The Mortgage Phoenix Group is a DBA of Statewide Funding Inc. Equal Housing Opportunity.