/* Please refer to readme.html for full Instructions Text[...]=[title,text] Style[...]=[TitleColor,TextColor,TitleBgColor,TextBgColor,TitleBgImag,TextBgImag,TitleTextAlign,TextTextAlign, TitleFontFace, TextFontFace, TipPosition, StickyStyle, TitleFontSize, TextFontSize, Width, Height, BorderSize, PadTextArea, CoordinateX , CoordinateY, TransitionNumber, TransitionDuration, TransparencyLevel ,ShadowType, ShadowColor] */ var FiltersEnabled = 0 // if your not going to use transitions or filters in any of the tips set this to 0 Text[0]=["Me Email","Click here to send me an email "] Text[1]=["Home Page","Click here to go to my Web site."] Text[2]=["Current Property Value","Enter what you intend to pay for your purchase or the current value of property owned."] Text[3]=["Appreciation","Enter the rate at which you expect the property to increase in value. The national average is currently 6.65%. Because rates will vary from year to year, it's prudent to experiment with different expectations."] Text[4]=["Value Over Time","Once you've input the number of years you intend to own the property, the number reflected here is the projected value at the rate of appreciation you selected. "] Text[5]=["Gross Profit","This is the value of the appreciation realized - or, simply the difference between the purchase price or present value subtracted from the projected value. "] Text[6]=["Down Payment","Enter the dollar value of your intended down payment. Use the calculator to the right to determine dollar amounts by percentage.

As you experiment, you'll see that you can earn a greater rate of return on your investment by using smaller down payments."] Text[7]=["Loan Amount","This is the property value or cost, less the down payment amount."] Text[8]=["To use this Calculator","The Estate of Mind, Inc. Total Cost and Benefits Calculator provides a comprehensive financial overview and projection for an existing or intended real estate investment. You tailor the variables, we do the math. You'll never again wonder what an investment of this scope may really mean over the time you expect to own it.

Enter the values specific to your property in each white entry field.

To recompute all values based on your entries, use the tab button. Or, you can click on the calculate button.

For help on a particular entry field, rollover the text associated with for each entry.

Questions can be directed to:
info@estateofmindcharts.com"] Text[9]=["Loan Term","Enter the number of years for your loan term.

Shorter terms = higher payments."] Text[10]=["Interest Rate","You can find average current rates scrolling across the top of our home page.

Keep in mind that rates will vary based on factors like income, credit, loan to value ratios, and among states due to local costs and regulations."] Text[11]=["Payment"," This is the total monthly principal and interest payment."] Text[12]=["Total Interest","This calculation shows the pure cost of financing, or, the total before tax interest expense of borrowing your loan amount."] Text[13]=["Tax Bracket","You should input your combined marginal tax bracket between state and federal tax rates. This allows us to calculate your approximate tax savings for interest and real estate taxes. Because everyone's tax situation is different, consult your tax professional to confirm your individual benefit."] Text[14]=["Tax Savings","Here, we calculate the approximate tax benefit you realize by deducting for mortgage interest paid. As everyone's tax situation is different, consult with your tax professional to confirm your individual benefit."] Text[15]=["Net Cost of Interest","This is the total cost of interest less the tax savings."] Text[16]=["Property Taxes","Enter the current estimated annual real estate tax for the property."] Text[17]=["Yearly Tax Escalator","Because property tax rates rise, we've programmed a way to account for the annual rise you may experience in real estate tax. Simply enter the percentage by which you expect taxes to increase each year."] Text[18]=["Total Real Estate Taxes","Here we calculate the total you would pay in property taxes over the years owned."] Text[19]=["Property Tax Savings","This is the value of the tax benefit realized by the deductibility of real estate taxes.

As everyone's tax situation is different, consult with your tax professional to confirm your individual benefit."] Text[20]=["Maintenance","This factor allows for the cost of maintaining your home. Every property is different so it's up to you to estimate the average annual cost and the rate at which you expect the yearly cost to increase.

Generally, the older the components and systems of your home, the greater the upkeep expense. "] Text[21]=["Total Maintenance Costs","This is the total projected expense of maintenance and repairs during the time of ownership."] Text[22]=["Rent Saved","By owning, you avoid the cost of renting a comparable home."] Text[23]=["Rent Saved Annually","This is simply the yearly cost saved of renting a comparable home."] Text[24]=["Rent Escalator","Because the cost of renting increases along with the cost of housing, enter the rate at which you would expect rental rates to increase."] Text[25]=["Total Rent Saved","This is the total cost of rent saved over the term of ownership."] Text[26]=["Total of All Gains","The total of all individual gains realized: appreciation, income tax savings for interest and real estate taxes along with rent saved."] Text[27]=["Total of All Expenses","The total of each individual expense: interest paid, real estate taxes, insurance and the cost of maintenance."] Text[28]=["Net Gain","This is the total projected benefit realized over the term of ownership."] Text[29]=["Return on Initial Down Payment","This is the rate of return realized as applied to your original down payment. Please note that any additional expenses incurred at purchase (closing costs, inspections fees, etc.) are not included."] Text[30]=["Annual Return","This is the annual rate of return realized over the term of ownership relative to your original down payment. This does not include your original closing costs or your expense of sale."] Text[31]=["Alternate Investment Rate","Select a rate for an alternative investment opportunity into which you could place your down payment dollars; or the current rate at which this money is incurring interest."] Text[32]=["Alternate Investment Rate","This is the cost of the interest you fail to earn on your down payment dollars once that money is invested towards the property purchase."] Style[0]=["white","black","#000099","#999999","","","","","","","","","","",200,"",2,2,10,10,51,1,0,"",""] Style[1]=["white","black","#FF9900","#E8E8FF","","","","","","","center","","","",200,"",2,2,10,20,"","","","",""] Style[2]=["white","black","#000099","#E8E8FF","","","","","","","left","","","",200,"",2,2,10,10,"","","","",""] Style[3]=["white","black","#000099","#E8E8FF","","","","","","","float","","","",200,"",2,2,10,10,"","","","",""] Style[4]=["white","black","#000099","#E8E8FF","","","","","","","fixed","","","",200,"",2,2,1,1,"","","","",""] Style[5]=["white","black","#FF9900","#E8E8FF","","","","","","","","sticky","","",300,"",2,2,10,10,"","","","",""] Style[6]=["white","black","#000099","#E8E8FF","","","","","","","","keep","","",200,"",2,2,10,10,"","","","",""] Style[7]=["white","black","#000099","#E8E8FF","","","","","","","","","","",200,"",2,2,40,10,"","","","",""] Style[8]=["white","black","#FF9900","#E8E8FF","","","","","","","","","","",200,"",2,2,10,50,"","","","",""] Style[9]=["white","black","#000099","#E8E8FF","","","","","","","","","","",200,"",2,2,10,10,51,0.5,75,"simple","gray"] Style[10]=["white","black","black","white","","","right","","Impact","cursive","center","",3,5,200,150,5,20,10,0,50,1,80,"complex","gray"] Style[11]=["white","black","#000099","#E8E8FF","","","","","","","","","","",200,"",2,2,10,10,51,0.5,45,"simple","gray"] Style[12]=["white","black","#000099","#E8E8FF","","","","","","","","","","",200,"",2,2,10,10,"","","","",""] applyCssFilter()