PEGGY ALLEN, ABR, CRS, GRI 

Integrity, Innovation, Loyalty

 YOUR REAL ESTATE CONSULTANT

 LICENSED IN IOWA AND ILLINOIS 

RE/MAX BI-STATE - 901 E KIMBERLY ROAD - OLD TOWN MALL  -  DAVENPORT, IOWA 

1-563-359-3898   Home        -       1-563-349-0100   Cell       -       1-563-388-0008   Office       -       1-563-388-0008   Fax 

How Big a Mortgage Can I Afford?

 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 Fannie Mae’s online mortgage calculators at

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