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Diane Radmall
Office: 775-823-3333
Email Diane


coldwell banker plummer assoc.
Each office is independently
owned and operated.



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Successful Buyer System Demonstrating Tax Benefits
of Home Ownership
Income Tax Deductible Items for Primary Residence are interest paid and property taxes.
Line 1 Purchase Price: $ 250,000
Line 2 Annual Interest Rate ( 7 % ) ➝ Down Payment: $ 7,500
Line 3 Loan Amount: $ 242,500
Line 4 Monthly Payment (PI): $ 1613
Line 5 Monthly Real Estate Taxes: $ 170
Line 6 Monthly (Insurance Home Owners Dues, etc.): $ 65
Line 7 Total Monthly Payment: $ 1848

Income Tax Analysis
Line 8 Monthly Interest: $ 1459
Line 9 Monthly Real Estate Taxes: $ 170
Line 10 Total Income Tax Deduction (Line 8 + Line 9): $ 1629
Line 11 Owners Estimated Income Tax Bracket (%): 28%
Line 12 Income Tax Savings (Line 10 x Line 11): $ 457
Line 13 Monthly Payment after Tax Savings (Line 7 - Line 12): $ 1391
Line 14 If Annual appreciation is 3 % ** : $ 625
Line 15 Effective Monthly Payment(Line 13 - Line 14):
$ 766
This worksheet is provided as an example only and we make no representation as to appreciation rates or actual tax benefits which might apply. Please consult a Tax Accountant for further advice.