Mortgage Real Cost Calculator, or "Should I pre-pay (prepay) my mortgage?"
Thinking of pre-paying your mortgage? Calculating the real (after tax) cost of your mortgage (the real, after tax mortgage rate) is more complex than most people think.
In fact, there is only one online calculator that we have found that gets the calculation right:
CrystalBull.com Mortgage True Cost Calculator
Their calculator makes the complex mortgage cost calculation simple! You simply enter a few numbers from your 1040 tax return, and it tells you what your net (after tax) cost of the mortgage is. For most people, mortgage interest is a tax write-off (the government essentially pays part of their mortgage interest). This calculates your true net mortgage interest cost. It also tells you what (before and after tax) return rate you would need to earn on your investments in order to make prepaying your mortgage a smart move.
Should-I-Prepay-My-Mortgage.com had a mortgage cost calculator here, but the CrystalBull.com calculator is better. So...
Is it smart to prepay your mortgage? Maybe. Use the CrystalBull.com calculator to find out!
Be sure to check out the CrystalBull.com Stock Market Timing Indicators and Model!
Enjoy!
Mortgage real cost (true, after income taxes) calculator • home mortgage interest deduction • net cost • lowest interest rate • pay off mortgage faster • prepay mortgage
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