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Not only does owning a home give you a haven for yourself and your family, it makes
great financial sense, too.
This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your
savings will be too.
Rent: _________________________
Multiplier: X 1.32
Mortgage payment:__________________
Because of tax deductions, you can make a mortgage payment—including taxes and
insurance—that is approximately one-third larger than your current rent payment and end
up with the same amount of income.
For more help, use the Fannie Mae’s online mortgage calculators.
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