Mortgage, Money, and Taxes

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information

Show me the calculations and amortization

I really like the easiness of this calculator, BUT...the TAX rates are incorrect.  Taxes here are about a half of a percent for folks living and paying income tax here.  As a vacation owner, that rate is about 1%.  So the numbers reflected in the calculator TOTAL are quite high, our taxes are less.

balltwist_15 Tax Tips for Landlords, by TurboTax.

balltwist_15 Inet Mortgage, ask for Greg.

balltwist_15 Intermountain Mortgage website, ask for Jeff Reade.

balltwist_15 Rick Klein, a wealth of information.

balltwist_15 Turnbury Mortgage website, ask for Kyle Arnold.

balltwist_15 Bank Rate Monitor and Mortgage Calculators!


Why a Park City Lender is your best option

balltwist_15 Park City mortgage companies have an understanding of our market, allowing them to translate a property report and appraisal to the right underwriter for the job. This can save you time and hassle searching for additional paperwork prior to closing. We have been through transactions where paperwork is being supplied the day of closing, this makes everyone's life miserable. It is nice that your personal out-of-state bank is willing to give you the money, but: Do they know what a Condo-Tel is? How it affects the interest rate? Project ratio's on nightly versus second home? What the HOA dues cover? Contact us for lender referrals in town.

 


Taxation in Real Estate

Internal Revenue Code 1031 offers you the opportunity to defer the capital gains tax by exchanging one property for another. After selling an investment property, you have 180 days to close on it's "like kind" replacement to avoid paying capital gains taxes. This allows the owner of an investment property to exchange into a larger property (need an extra bedroom in that condo?).

Zions Bank uses Bank Exchange Services a Qualified Intermediary for 1031's.

More 1031 Links

balltwist_15 Realty Exchangers  Sell your property without paying Capital Gains Tax!

balltwist_15 Taxx.com and the 1031 Exchange

balltwist_151031 Exchange Q & A

balltwist_15Utah State Tax Guide, Wow.

balltwist_15IRS - Limits on Rental Losses

balltwist_15IRS - First Time Homeowners Deductions

balltwist_15IRS - Rental Income and Expenses

balltwist_15IRS - Real EstateTax Tips

balltwist_15Just the IRS