My First Home

by Seth Kirschenbaum

What am I really taking home after taxes?

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Monthly living Expenses

How much money am I left with to spend monthly on a house?

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What If I buy a $280,000 house what should my monthly payments be

I can make payments of $1271 each month to pay off my mortgage in 30 years

First Year Amortization Table

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What If I increase my monthly payment by .15 ?

if you make your monthly payments to meet the 30 year mortgage then in total you will be paying around $457,560, but if you increase the payments by 15% then you only pay $415,508.40 over a 23 year 8 month period; which saves you around $42,051.60