Are you tired of that hefty monthly rent bill? If you are, use
this calculator to help you determine if it’s time to buy your own home.
Input
Financial Analysis
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Rent
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Buy
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Downpayment
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$0.00
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$50,000.00
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Taxes and Insurance
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$0.00
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$22,500.00
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Total PMI
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$0.00
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$0.00
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Total Maintainance
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$0.00
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$6,000.00
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Total Payments
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$59,676.82
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$155,864.39
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Average Period Payments
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$994.61
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$2,597.74
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Rent Savings
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$96,187.57
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$0.00
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Tax Savings
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$0.00
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$16,071.87
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Total Rent Savings
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$80,115.70
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House Appreciation
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$289,818.52
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Proceeds Minus Cost
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$272,429.41
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Remaining Balance
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$186,950.49
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Equity Appreciation
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$85,478.92
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Home Purchase Benefit
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$5,363.22
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DISCLAIMER:
Although this is an estimation of the information you provided, none of these
figures are guaranteed. Final statistics can only be given by the financial
institution that supplies you with the loan or other financial services. You
must double check with your provider to ensure accurate information. Please
read the Terms of Use
for further details.
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