Purchase Cost Analysis

This page will allow you to calculate your net monthly cost of ownership based on the purchase price, interest rate for a 30 year loan, amount of down payment, carrying charges & taxes for condos or maintenance & % of maintenance tax deductibility for coops and your income tax bracket. Please fill in all data in blue and the system will calculate automatically your net monthly cost. For condo fill Maintenance and taxes (Tax deductible maintenance is 0). For coops fill maintenance and tax deductible Maintenance (Property Tax is 0).

Purchase Cost Analysis
Purchase Price $ Maintenance/CC's $
Downpayment $ Tax Deductible Maintenance
Mortgage Amount
Property Tax $
Mortgage Rate Income Tax bracket
Mortgage Payment
Mortgage Interest
Maintenance Payment
Deductible Maintenance
Tax Payment
Property Taxes
Total Expenses
Total Tax Deductible
Total Tax Saving
Net Monthly Cost
Net Monthly Expense*
* Monthly cost less repayment of principal on mortgage.
Prudential Douglas Elliman
All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

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