Rent vs. Buy Analysis
Loan Term (Months):
Interest Rate:
Amount Financed:
Monthly Payment:
Down Pmnt/Investment:
Annual Home Appreciation %:
Annual Investment Return %:
Income Tax Rate %:
Inflation Rate %:
Total Property Tax:
Current Monthly Rent:
Annual Maintanence:
Annual Insurance:
Cost to sell home %:
Closing Costs to buy home:
End of Year 1
End of Year 3
End of Year 5
End of Year 10
End of Year 20
End of Year 30
Principal Paid
Down Payment
Appreciation
Total Equity
Interest Paid
Tax Savings
Total PITI and Maintence
Total Rent
Net Cost of Ownership
Selling costs
Value of Down Payment if Invested
Net Proceeds from Sale of Home
The information above is an
estimate
based upon the information entered and will only be as reliable as the ability of the person entering the data to predict future inflation, home value and investment return rates. Mortgage interest is calculated at 1/12th of annual interest rate on the remaining principal amount. Investment return and inflation based calculations are compounded annually. All dollar amounts are rounded to the nearest dollar, rounding errors may occur. Property tax and Insurance costs increase at the entered rate of home appreciation. Rent and maintenance costs increase at the entered inflation rate. Other factors may influence the actual costs of owning and selling a home. Default values are estimates based on market conditions as they existed 02/2003.