how much interest on a275,000 home purchase ?

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i bought a condo i want to write off the interest

2006-06-14 18:26:23 · 4 answers · asked by kevin b 1 in Business & Finance ➔ Taxes ➔ United States

That depends on your interest rate and how long the note is for. It would be significantly different if your interest is 5% compared to 12%

2006-06-14 18:32:29 · answer #1 · answered by Jen 6 · 0⤊ 1⤋

Depends on the lenght of the mortage

2006-06-15 01:29:28 · answer #2 · answered by Judas Rabbi 7 · 0⤊ 0⤋

depends on what your mortgage is after down payment, the length of the mortgage and what your intrest rate is.

2006-06-15 01:34:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋

Well, what is your intesterest rate & terms of loan?

2006-06-15 01:33:08 · answer #4 · answered by susanhatcher3 1 · 0⤊ 0⤋