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Rent Vs Own Calculator
 
 
Should you buy a home or continue renting? Our Rent vs. Own Calculator will analyze your situation and give you some guidance.
  
 
Rent Information    
 
     Monthly Rent: $
     Monthly Insurance: $
     Est. Annual Rent Increase: %
     
 
     
 
Home Information    
 
     Purchase Price: $
     Yearly Taxes: $
     Yearly Maintenance: $
     Yearly Insurance: $
     Est. Appreciation: %
     Selling Costs: %
     
 
     
 
Mortgage Loan Information    
 
     Loan Amount: $
     Interest Rate: %
     Yearly Maintenance: $
     Est. Loan Costs: $
     Loan Term in Years:
     Years Before Sell:
     
 
     
 
Financial Information    
 
     Tax Rate: %
     Investment Rate *: %
     * The investment rate calculates the difference between your mortgage payments and rental payments
     and assumes that you are earning that rate on your investments.
     
 
 
     
 
Buying Analysis    
Based on the information provided for a 5 year period
     You will pay a monthly PI (Principal and Interest) payment of: $ 880.52
     You will gain a tax advantage of: $ 13,136.17
     You will gain an equity appreciation of: $ 36,855.28
     Totaling a net value gain of: $ 49,991.44
     Selling the home in 5 years will incur closing costs of: $ 4,977.50
     Giving you a total net benefit of ownership of: $ 45,013.94
 
     
 
Rental Analysis    
Based on the information provided for a 5 year period
     If you chose to buy you would have paid home buying expenses of: $ 880.52
     You will gain a tax advantage of: $ 52,831.50
     You will pay rental expenses of: $ 46,397.11
     Giving a difference of: $ 6,433.94
     Investing the average yearly difference of $ 1,286.79 for 5 years
     at %8 yields:		 $ 8,152.10
     Selling the home in 5 years will incur closing costs of: $ 4,977.50
     Giving you a total net benefit of ownership of: $ 45,013.94
 
     
 
Final Analysis    
Because your Total Benefit of Ownership of $45,013.94 is GREATER than your investment yield of $8,152.10, it would be in your best interest to BUY this home rather than to RENT it.
The results shown above should be used only for informational purposes. The accuracy of these results is not guaranteed. If you seek additional help or explanation, please refer to your loan officer.
 
     
     
Contact Info

Brandie McDonald


ph. 817-715-3368
fx. 888-883-3120

National Average Rates
Gold Financial Services - 2943 Mossrock , San Antonio, TX 78230
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