Determine what the best option is for you by comparing the estimated benefits and costs of your renting situation with the estimated benefits and costs associated with buying your own home.
Renting and Financial Information
Your Current Monthly Rent ($)
*
Annual Renting Expenses ($)
*
(such as Renter Insurance or Maintenance, if applicable)
Annual Rent Increase Rate
*
%
Alternative Investment Interest Rate
*
%
(for example, by depositing your money in a savings account,you may earn 6% interest per year)
Your State and Federal Tax Rate
*
%
Property Information
Purchase Price ($)
*
Property Value ($)
*
Required Loan Amount ($)
*
Rate
*
%
Loan Term
*
yrs.
Years Before Selling (pay off the loan)
yrs.
Points
%
Home Appreciation Rate
%
Loan Closing Costs ($)
Property Tax Rate:
%
Annual Home Insurance ($)
Maintenance Cost
Selling Costs (% of the selling price)
%
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