At Hart Mortgage Services we know the questions that run through the mind of a future home buyer!
How much money can I save by owning my home compared to renting?
Do I really want to have an interest only loan?
How much will my mortgage cost me over 30 years?
Do I really save money on my taxes by owning a home?
Knowledge is power and we are here to help!
Hart Mortgage Services would like to help you answer these questions by allowing you to use our free Florida Mortgage Calculators.
Our mortgage calculators can provide you with valuable information regarding your monthly mortgage payments and tax write offs.
Here is the breakdown of our mortgage calculators.
Rent vs. Own Calculator: If you currently rent, this calculator will help establish the cost difference between your current rent and what your estimated monthly mortgage payment would be. If your mortgage payment is lower or at least close to your rent, it may be time to actually own your home instead of renting.
Interest Only vs. 30 Year Fixed: If you already are out shopping for a home and have decided that you want to buy, this mortgage calculator will help you decided between Interest Only and a 30 year fixed mortgage. With the collapse of the mortgage and real estate market, Hart Mortgage Services always recommends the 30 year fixed over an interest only but the choice is ultimately yours.
Mortgage Amortization Calculator: Use this mortgage calculator if you want to see how much your mortgage will cost you over 30 years. The number can be a little freaky at times but remember that with every payment you are building equity and you also get the tax benefits at the end of the year.
Mortgage Interest Tax Deduction: The IRS is nice enough to let you write off your mortgage interest as a tax deduction. Our calculator will allow you to compute your estimated tax deduction but we still recommend that you consult your accountant or CPA before making any decisions.
Florida Mortgage Rates!
In the middle of using our mortgage calculator you may have figured out that you needed to input a mortgage rate. You probably imputed whatever number you thought would work and went from there. Nothing wrong with that but it would be in your best interest to find out what mortgage rate you qualify for.
Use or Free Florida Mortgage Rates Tracker to find out what interest rate you qualify for.
Please contact us today at 239-437-4278 or use our online Ask An Expert option to have your questions answered.
