The Key to Finding your Dream Home
All about homes.
Friday, November 1, 2013
Should you RENT or BUY?
Should I rent or buy?
This calculator compares the cost of renting versus the real cost of buying a home.
Rent Information
Monthly rent
Monthly renter's insurance
How much will rent increase each year?
Purchase Information
Home price
Down payment
%
$
Interest rate
Loan Term
Months
Years
Points
Closing cost for buying
Home Information
Annual property taxes
%
$
Average monthly maintenance
Monthly homeowner's insurance
How much will your home appreciate each year?
Other monthly costs
(Association dues, etc...)
Personal Information
State and Federal tax rate
Investment rate of return
(or bank account savings rate)
How long will you stay in this property?
Months
Years
Sale Information
Real estate agent commission
%
$
Closing cost for selling
Show gain vs term graph
ANSWER
If you buy, you could save $84,567.85 over the next 5 years.
Check out your
numbers
!
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