Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too. This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too.
Rent: | _________________________ |
Multiplier: | X 1.32 |
Mortgage payment: | _________________________ |
For more help, use Fannie Mae’s online mortgage calculators at http://www.fanniemae.com/homebuyers/calculators/index.jhtml?p=Resources&s=Calculators