home ownership

Home Costs: A Homeowners Costs to Owning a Home

Posted by on May 26, 2008 in home ownership

When I run my excel spreadsheet with the costs of owning a home or rental property, here are the incomes, expenses, and tax considerations I consider when deciding profits or losses. Market Value @ the time of purchase Net Price from seller +Closing Costs on top +Buy + List agent commission on top Interest Rate Down Payment % Years(term) of Loan Starting Loan amount ANNUAL HOLDING COSTS Annual PI(Principle Interest) Paid Annual Property Taxes Annual PMI(Private Mortgage...

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