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### Vacation home purchase scenario

Compute a variety of financial calculations concerning the purchase of a 2nd (vacation) home.
• you can change the various assumptions (in the text boxes), and then to see how your payments et. al. change
• Note that values in green are intermediate sums. If you change an assumption, they may no longer be valid -- to update these values, just !
 Scenario description Save recomputed scenario?

Scenario description: Default scenario
 Price= if   of price is for the house,  the value of the building= 180,000 Down The down payment Interest = Length of loan = years Monthly payment: 1536 , yearly= 18,432        1st yr: interest=15,806 & principal=2,634        View a list of monthly mortgage payments? Rental income=19,400 Total weeks rented= 20 yields rental fraction of 38% ``` Peak weeks: 10000   ( weeks @ ) Swing weeks: 5200  ( weeks @ ) End/start weeks: 1800  ( weeks @ ) Off-season weeks: 2400  ( weeks @ Unusuable weeks: ``` Net cash rent= 16,260 ``` Rental income: 19400, minus Realtor commission: 1940  (at of rental income ) Utilities: 1200 (@ per week) ``` Yearly expenses due to rental= 10,327 ``` Reportable yearly expenses (26851) * rental_fraction (38%) Interest: 15806 Property taxes: Maintenance:    Other yearly fees : Depreciation: over years = 6545``` Reported rental income= 5,933 Max of 0 and (Net_cash_rent - Yearly_expenses_due_to_rental) Extra tax refund: 1,758 ``` Deductions: 15806 & 2000; non-rental fraction (of year): 61% Pro-rated non-rental deductions: 10957 Non-rental deductions - reported rental income: 5024 Marginal tax rate: ```

Summary:

#### Net expenses & income

 Yearly expenses: includes 2634 principal, excludes depreciation Yearly income gain: net cash rent + extra tax refund Monthly shortfall(yearly): (expenses-gain) / 12 After   years of   inflation ... Yearly expenses: includes 5099.72106 principal, excludes depreciation Yearly income gain: net cash rent + extra tax refund Monthly shortfall(yearly): (expenses-gain) / 12

#### Investment comparision

Earnings after     years ...
 Net property value= Using yearly appreciation rate: Remaining principal: 174,671 Effective mortgage interest: 2% Cash value= US saving bond rate: \$ needed to buy house: 193,213 w/inflation= As above, accounting for inflation. \$ needed to buy house: 223,237
or reset to default values

### Disclaimer

This Home2Buy program is meant to give the user a general sense of the financial factors relevant to a decision to buy a 2nd home. It is not guaranteed to be accurate. It might even be wrong in important details.

Therefore, this program is offered without ANY WARRANTY or ASSURANCE of reliability. If the programs conclusions should be flat out wrong, and cause you any kind of harm, we are NOT TO BLAME!

That said ... we've made a good deal of effort to check both the accuracy of the calculations and the relevant regulations, and we've used it in our financial considerations. If you find bugs or other problems, please contact us (at danielh@crosslink.net).