GAS VS. MORTGAGE PAYMENT IF YOU COMMUTE TO WORK 25 MILES PER DAY, YOUR ANNUAL COMMUTE EXPENSE IS OVER $2,800 STOP putting money into your gas tank! Put your money into your real estate investment! |
| Something to consider when looking for a new home ....look near work even if the home is more expensive. |
Cost of gas only. • $4 for 1 gallon divided by 20 miles per gallon = $.20 per mile • $.20 per mile x 25 miles per day = $5 per day. • $5 per day x 5 days = $25.00 per week. • $25.00 per week x 52 weeks is an annual expense of $1,300 per car. Plus: • IRS allows $. 445 per-mile deduction for business-use of car. • These 44.5 cents includes the National Average of gas, wear and tear, repairs, tires, and other expenses incurred in driving a vehicle. • Therefore, if one were to calculate the total commute expense would be over $2,800 per year!! • Plus, the “higher the mileage…the lower the resale value”. This loss is an ADDITIONAL expense of your long distance commute. • Also, the IRS allows you to write off mortgage-interest on your home; but not gas or other commuting expenses. |
...based on 7% interest rate; 30 year loan |
| STONEGATE REALTY |
| ROGER JACKSON 615-294-4650 KATHY JACKSON, GRI, BROKER 615-417-4649 |
| LICENSED IN TENNESSEE |
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