Tax Savings When Buying A Home

“What are the tax savings when buying a home?”

This is a question that we are asked quite frequently by first-time homebuyers and it is a good question.  To obtain a closer answer for your particular analysis, you’ll need to know what your actual tax bracket is. Check with your Tax Advisor to find out what your tax bracket is and then you can use calculators to help you learn what your tax savings will be when buying a home.

This example shows a home buyer in a 28% Tax Bracket wanting to buy a new home valued at $175,000.  They invested 3.5% into their new home purchase and plan on living in this new home for approx. 7 years.  This is what their tax savings looks like:

Click Here to Access Calculators

Click Here to Access Calculators

Owning your own home allows you to fix your housing expense for years to come, saves you money with your taxes as well as giving you the opportunity to earn appreciation as your new home value increases.

When you are ready to learn more about your particular situation, contact your local Mortgage Loan Officer. If you live in Arizona or California, please give Karen Jones a call, as she is a Licensed Mortgage Loan Officer in these states. Karen Jones can be reached at 480-339-1577 or

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