Services

Platinum Funding Solutions, Inc.
The Kelly Byrnes Team

Having a dream is good. Owning one is better!

Buying a home is one of the most exciting
and significant event's in ones life, Plus there
are multiple advantages that come along
with the purchasing a home:

Appreciation
Equity Build-Up
Leverage
Home Office Depreciation
Security & Satisfaction
Stable Housing Costs
First-Time Buyers Tax Advantages
Tax Deductions on Mortgage Interest,
Points or Origination Fee, &
Property Taxes

This example is for informational purposes to demonstrate a tax advantage
of home ownership over renting. Please consult your tax advisor for tax
advantages that are applicable to you.

Benefits of owning your own home:

The Mortgage Payment Calculator determines your monthly Principal &
Interest (P&I) based on your loan balance, mortgage term, and interest
rate. This tools gives you a fast answer for what size house will
fit your budget.


		Mortgage Payment Calculator

	Loan amount ($):
	Interest rate (%):
	Term (years):
	Addl monthly payment ($):


	Monthly payment ($):
	Total interest ($):
	Avg monthly interest ($):


	Number of years:

Renting vs. Owning:

This example is for informational purposes to demonstrate a tax advantage
of home ownership over renting. Please consult your tax advisor for tax
advantages that are applicable to you.


Gross Income
Deductions
Taxable Income
Taxes Withheld
Taxes Due
Tax Savings
Monthly Savings

Assumptions: 28% tax bracket. $250,000 purchase price. 5% down. $237,500 Mortgage Loan amount. 30-yr fixed rate
mortgage. 360 monthly payments of $1,423.93. 1/2 Point. 6% interest rate. 6.164% APR. 1.25% property taxes. First
Mortgage Loan.

Renter
$50,000
$0.00
$50,000
$14,000
$14,000
N/A
N/A

Homeowner
$50,000
$20,212.20
$29,787.80
$14,000
$8,340.58
$5,569.42
$471.62

Resources & Information:

TO LEARN MORE ABOUT OUR FEATURED PROGRAMS FOR COMMERCIAL, RESIDENTIAL
AND LAND LOANS, PLEASE VISIT THE REALTOR PAGE!