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NextHome Experts
15000 Madison Ave
Lakewood, OH 44107
Phone: (216) 423-5100

Thank you again for finding us this Great House! Tom and Beatrix Tyna (Bay Village)

In this market, it would be easy to throw up your hands and say it's close to impossible, just sit back and hope for the best, but not you. The marketing materials were great and the effort you put in helped to sell the house in an impressive amount of time. Thank you for your input to get the house looking its best and for helping with all areas of the sale. I can rest easy with planning my wedding knowing I have that checked off my list. When Chris and I head back to Cleveland, I will be the first one to look you up and use your services to find our new home. Yours Truly, Kate Plenzler (Avon Lake)

Your ambitious approach is very refreshing. Linda Wagenknecht (Lakewood)

Tony is the Professional in Realty Professionals. Lee Zapis (Bay Village)

Professional in every detail. Sensitive to our personal situation. Business ethics and moral values are to be admired, Does everything in his power to make what could be a highly stressful time in your life, a pleasurable experience. Donald and Betty Maxam (Huron)

A pleasure working with you. We think of you as a new friend. You are truly a professional. Zita and Ken Boitel (Westlake)

Your consistent communication, attention to detail and advice made the entire process a smooth one and one that I learned a great deal from. James Elios (Avon Lake)

I knew throughout the whole process that everything would turn out well because you were very honest and up front with me. You went above and beyond what any other Realtor would do. Robert W. Rosol (Fairview Park)

We couldn't be happier in our new home - could not have done it without you! Dennis and Michelle Pinozzi (Lakewood)

You were knowledgeable and taught me how to look at electrical, plumbing and structural things I never would have noticed. You also listened to what I wanted and helped me to narrow my search. I was treated with respect, something a single female does not encounter very often in the Real Estate market. Theresa A. Clarke (Lakewood)

Thanks again for all your help. I've told a lot of agents in my office what a super agent you are - a real professional. Judy Nupp - Howard Hanna (Rocky River)

Real Estate Tips

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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.