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Hard working, knowledgeable and enthusiastic. When Experience Counts...Count on Teri, a NUMBER1 EXPERT! Call me: 954-242-8030.
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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What Can I Say? Teri Is A Great Realtor!! “She found the perfect home for me --negotiating $200,000 off of the price of 1,400,000!!! “ Dave Baruch (Buyer/Seller) Plantation Acres Read Quote > View All Quotes >
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Compare three
mortgages at one time. Download TripleCalc now. It's free.
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Teri Arbogast
is one of The Top Selling Real Estate Experts Find Out More > |
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The Best Mortgage Calculators On the Web! Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... Mortgage Tax Savings Calculator
Interest paid on a mortgage is tax deductible if you itemize on your on tax return. So are points that are paid to lower your interest rate. Use this calculator to determine how much you could save in income taxes. Click on the "View Report" button to view the results in detail.
Definitions
- Mortgage amount
- Original or expected balance for your mortgage. Taxpayers can deduct the interest paid on first and second mortgages up to $1,000,000 in mortgage debt (the limit is $500,000 if married and filing separately). Any interest paid on first or second mortgages over this amount is not tax deductible. Home equity loans are limited to $100,000 or the amount of equity you have in your home. Our calculator limits your interest deduction to the interest payment that would be paid on a $1,000,000 mortgage.
- Interest rate
- Annual interest rate for this mortgage.
- Interest rate after taxes
- Annual effective interest rate after taxes are taken into account. Please note that in addition to the $1,000,000 mortgage debt limit, this calculator assumes that your itemized deductions will exceed the standard deduction for your income tax filing status. If your itemized deductions don't exceed your standard deduction, the benefit of deducting the interest on your home will be reduced or eliminated. For 2002 the standard deductions were $7,850 for married couples filing jointly, $3,925 for married couples filing separately, $4,700 for singles, and $6,900 for heads of household. You should also be aware that the total tax savings may be less for higher incomes that have their allowable itemized deductions phased out.
- Term in years
- The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
- Monthly payment
- Monthly principal and interest payment (PI).
- Federal tax rate:
- The marginal federal tax rate you expect to pay.
- State tax rate:
- The marginal state tax rate you expect to pay.
- Annual Percentage Rate (APR)
- A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate with very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or different terms.
- APR after taxes
- Annual percentage rate after taxes are taken into account. Unlike your after-tax interest rate, the APR after taxes takes closing costs into account.
- Loan origination percent
- The percent of your loan charged as a loan origination fee. For example, a 1% fee on a $120,000 loan would cost $1,200.
- Discount points
- Total number of "points" purchased to reduce your mortgage's interest rate. Each "point" costs 1% of your loan amount. As long as the points paid are not a broker's commission, they are considered tax deductible in the year that they were paid.
- Other fees
- Any other fees that should be included in the APR calculation. These fees can vary by lender, but at a minimum usually includes prepaid interest.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Buying Land and New Construction >Lot Location
If you are buying land on which to build, you may be eager to get started. But before you leap into buying land, remember that location is the one essential element you won't be able to change. You will never regret taking the time to fully consider the setting for your home.
Make a list of the must-have features that will exist on your ideal piece of land. Do you require a lakefront property or a spectacular view? If privacy is high on your list, you may want to look for land that is heavily wooded, or purchase secluded acreage in a rural setting. Decide on the minimum size lot that will work for the setting of your home. Are you willing to build on a slope or a hillside? Knowing your requirements will help your real estate agent save you time by eliminating unsuitable properties.
Select two or three of your favorite neighborhoods and ask your agent to concentrate the search for land in those places. If you are building in an area you are not familiar with, drive or take walks around the neighborhood and talk to people who live there.
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| Q |
Where can you find the world's largest residential palace?
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| A |
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage. |
See More Real Estate Trivia > |
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Teri Arbogast Keller Williams Properties 1625 N Commerce Pkwy #105 Weston, FL 33326 cell: 954-242-8030 Office: 954-358-6007 teriarbogast@NUMBER1EXPERT.com
Teri is an Award Winning, "Top Producing Broward County Agent" with KELLER WILLIAMS PROPERTIES in Weston,FL. Specializing in Davie real estate, Plantation Real Estate and Weston, FL Real Estate and all areas of Broward County Real Estate.
Teri has the knowledge and experience necessary to find the right home at the right price. Teri knows the many developments, Broward County schools and different community amenities like few others. She has strong negotiating skills and a good old fashioned work ethic. Teri is a 24/7 agent who returns her calls and e-mails promptly.
Teri believes in "treating others the way she wishes to be treated" and so far that philosophy has served her well. Through her dedication and hard work she has earned the reputation as an agent that treats her clients "like family."
She is known by many as "The best realtor in Davie" but not only is she a Davie realtor, she is an experienced and seasoned Weston, FL Realtor, Plantation Realtor and highly regarded as one of the top Broward County Real Estate Agents. 

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