$849,971 in Total Homeowner Equity 10 Years After a Home Purchase
In San Mateo County
Purchase a $1,000,000 Home
$200,000 Down Payment
$480,244 in Appreciation
$169,727 Paid on Principle
Total Equity $849,971
Mortgage Payment for a $800,000 loan $3600
vs Rental Rate = $4000
For a homeowner, property taxes
and mortgage interest are deductible.
Consult your CPA.
Sell the Home for $1,480,244. (Conservative Appreciation)
$480,244 capital gains = All of which is exempt.
$500,000 capital gains for a married couple.