Rent vs Buy analysis

We will calculate the comparative costs between renting versus owning a home. Sales Price of the Home: Down Payment:  (%) or ($)  Interest Rate: Property State: please select AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Term of the Proposed Loan: 10 years 15 years 20 years 25 years 30 years Interest-Only 40 years 50 years Annual Property Appreciation: (assume 6% appreciation unless otherwise known) Current Monthly Rent: Expected Growth Rate of Savings: (assume 3% savings rate unless otherwise known) Income Tax Bracket: 15% 17% 28% 33% 36% 50%      Results Fill in the fields above and click the Calculate Below button

©The Mortgage Toolbox Inc., All Rights Reserved www.themortgagetoolbox.com Terms of Use

Glossary

Resources

Real Estate News

WSJ.com: Real Estate Real Estate

07/03/2008 07:57 PM

Sweden Sells Property Firm

Sweden sold property firm Vasakronan to Fastigheter for $6.88 billion, continuing its privatization drive.

07/03/2008 02:22 PM

The Home Insulation Conundrum

Fiberglass or foam spray? Figuring out what kind of insulation to use in a new house turns out to be a complicated calculation.

07/02/2008 09:07 PM

Buying a Sense of Security for the Home

How would different security companies configure a home with a system, and what would they charge to alert the police about triggered motion sensors? Here's a look at ADT, Brink's, Monitronics and Protection One.

07/03/2008 10:19 AM

With Energy Rights, Money Trumps All

Financial opportunity is outweighing environmental issues for property owners swept up in a land grab by energy companies targeting gas reserves. Rights for deep drilling are fetching as much as $2,500 an acre, or more.