What is Estimated Net Costs of Buying?

Question

Accepted Answer

The estimated net costs of buying is the estimated gross costs of buying minus any expected tax savings. This calculation takes into account any deductions or credits that a buyer may be eligible for as a result of buying the property, such as the mortgage interest tax deduction. This gives the buyer a more accurate picture of the true costs of the purchase, and helps them to understand the net financial impact of the purchase.

Real Estate Glossary

What is Estimated Net Costs of Buying?