Move-up Tax Benefit Comparison

Move-Up Buyer Tax Advantage Calculator

SALT cap defaults to $40,000. Property tax is an annual $. Insurance assumed at 0.57%/yr. (Educational illustration — not tax advice.)

Inputs

Current (Old) Home (Interest counted is capped at $750,000 loan)
Target (New) Home (Interest counted is capped at $750,000 loan)
Up to date Illustration only

Results SALT cap: $40,000

Monthly W-4 Potential (Δ / 12)
$0/mo
New Payment Snapshot
Gross
$0/mo
Tax Offset
$0/mo
Net After Tax
$0/mo
Tax benefit covers
0%
of payment
Old Payment Snapshot
Gross
$0/mo
Tax Offset
$0/mo
Net After Tax
$0/mo
Tax benefit covers
0%
of payment
Annual Tax Value
Old
$0
New
$0
Δ Annual
$0
Show calculation details
Old Interest counted (capped)$0
Old Property Tax counted (after SALT)$0
Old MI/MIP counted$0
Old Itemized (home + other)$0
Old Increment vs Standard$0
New Interest counted (capped)$0
New Property Tax counted (after SALT)$0
New MI/MIP counted$0
New Itemized (home + other)$0
New Increment vs Standard$0


Interactive calculators are self-help tools. All examples are hypothetical and for illustrative purposes only.

E. Lee Smith

Branch Manager

RMLO

NMLS: 436498

512-948-6550

[email protected]

E. Lee Smith

Branch Manager

RMLO

NMLS: 436498

512-948-6550

Branch: Canopy Mortgage - TLC Group - 13809 Research Blvd, Ste 500, Austin, TX 78750 | Office #512-598-9093 | NMLSConsumerAccess.org #: 1359687 | Equal Housing Lender -All loans subject to credit and property approval.


Consumers wishing to file a complaint against a banker or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov. State Licenses page, Privacy Policy, and Terms of Use