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Should I Buy or Rent?

Input
Rent Info
Monthly Rent ($)
Annual Rent Increase (%)
Property Info
Home Value ($)
Annual Maintainance ($)
Annual Appreciation (%)
Years Before Sell (Yrs)
Selling Cost (%)
Loan Info
Amount ($)
Interest (%)
Loan Length (Yrs)
Points (%)
Annual PMI
Taxes and Insurance
Your Tax Rate (%)
Annual Property Taxes
Annual Insurance
Financial Analysis
  Rent Buy
Downpayment $0.00 $50,000.00
Taxes and Insurance $0.00 $22,500.00
Total PMI $0.00 $0.00
Total Maintainance $0.00 $6,000.00
Total Payments $59,676.82 $155,864.39
Average Period Payments $994.61 $2,597.74
Rent Savings $96,187.57 $0.00
Tax Savings $0.00 $16,071.87
Total Rent Savings $80,115.70
House Appreciation $289,818.52
Proceeds Minus Cost $272,429.41
Remaining Balance $186,950.49
Equity Appreciation $85,478.92
Home Purchase Benefit $5,363.22

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Average Rates
 
30 Year Fixed: 3.50%
15 Year Fixed: 2.63%
5 Year ARM: 2.25%

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