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Mortgage Calculator with PMI and Taxes

Savings Corner

The mortgage payment calculator can give you a reality check on how much you can expect to pay each month, especially when considering all the costs, including taxes, insurance and private mortgage insurance. The mortgage payment calculator can help you decide what the best down payment may be for you.

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How Much House Can I Afford? Affordability Calculator

Savings Corner

To calculate how much house you can afford, we take into account a few primary items, such as your household income, monthly debts (for example, car loan and student loan payments) and the amount of savings available for a down payment. How does your debt-to-income ratio impact affordability? How much house can I afford with a VA loan?

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Save Taxes: Negotiate A Reduction in Your Assessed Value

Prairie Eco-Thrifter

If you own real estate, you have been, or someday will be, confronted with a rise in your assessed property value. This usually leads to an increase in your real estate taxes! Increases in your assessed value can sometimes be negotiated downward, saving you tax money. What is assessed value? Who does the assessment?

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. The difference between the two is given to you in a lump-sum payment.

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Refinance Calculator | Bankrate

Savings Corner

The money you tap from your home’s equity can be used to consolidate higher-interest debt or to improve your home. Refinancing if you plan to move in a few years doesn’t always make financial sense even if you get a lower interest rate, because you may not have enough time to break even on closing costs.

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market. Every May, when school gets out, the lawns around campus are filled with items students didn’t want to bother bringing home.

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Mortgage Calculator: How Much Can I Borrow?

Savings Corner

For instance, you may consider: How long will I live in this home? Down payment costs are just the beginning — you’ll also have to account for closing costs and ongoing homeowner expenses, like property taxes and insurance, and you’ll want to budget for maintenance costs. But in some cases, that amount may be too generous.