Downtown Jersey City Waterfront during a beautiful sunset

5 year forecast of primary residence with expenses.

This real estate calculator will perform a 5-year forecast of a (already-acquired) primary residence. It forecasts appreciation of the property's value and net proceeds after deducting taxes and real estate commissions each year on a future sale. It also includes a forecast of homeowner's expenses and considers the tax deductibility of mortgage interest and real estate taxes. However, with the increase in the standard deduction for federal tax purposes and the capping of mortgage interest and real estate taxes in itemizing deduction, most tax filers now take the standard deduction, so the benefit is lost or reduced.