Plan the future purchase of homes with a sophisticated home buying calculator
VeriPlan’s fully integrated and automated financial calculators and financial software tools deliver financial planning power to the individual. VeriPlan’s home buying calculator tool automates the lifetime financial planning process associated with future residential home purchases. VeriPlan’s home buyer calculator functionality automatically take into account: the planned home purchase price, closing costs, settlement cash required, mortgage debt to be assumed, interim expected real estate price changes, and subsequent expected real estate price appreciation.
Any number years into the future up to age 100, VeriPlan will automatically project the purchase a home for you. As it does this, VeriPlan’s personal finance software will automatically adjust interim real estate values, purchase costs, future real dollar growth rates, tax basis, etc. Using projected future investment portfolio values, VeriPlan will liquidate sufficient cash, bond, and stock investment portfolio assets to fund the projected home purchase and closing costs minus the planned mortgage debt principal.
VeriPlan’s home buying calculator will automatically set up and amortize an associated tax-deductible mortgage loan
VeriPlan is a fully integrated and automated interest calculator and loan calculator for multiple properties. VeriPlan’s home buying calculator will automatically set up and amortize an associated tax-deductible mortgage loan using your specifications for this home loan, including mortgage interest and mortgage principal. VeriPlan can even help you evaluate your personal debt management strategy and analyze the accelerated payment of mortgages and other loans. (See: Debt Payoff Software )
VeriPlan will project and adjust any property taxes and any costs affected by this new home ownership across your full lifetime. Furthermore, VeriPlan will automatically reflect your deductible property tax and interest for his future home purchase in your projected federal income taxes, state income taxes, and local income taxes, if any. All this information will be reflected automatically in VeriPlan’s 21 standard projection graphics and 21 standard data output worksheets.
Rent versus buy analysis software
If you currently rent your residence and you want to buy a first home, you can use VeriPlan’s integrated financial planning calculators to do a rent versus buy analysis and evaluate the projected lifetime person finance trade-offs between renting and owning your primary residence. You can develop projections that reflect an apples-to-apples rent versus buy analysis comparing your current home rental versus the future purchase of an equivalent home. Alternatively, you can use these rent vs buy analysis features to compare your current home rental to a situation in which the home you plan to purchase upgrades the quality of your housing.
You can also use VeriPlan’s home buying calculator tool, if you already own your primary residence – with or without a mortgage – and you want to purchase another home at some point in the future. VeriPlan will automatically combine the financial effects associated with the home that you already own and the home that you plan to purchase in the future.
