RENT vs BUY


Would you like to know how much you could save by buying a home versus staying in your current apartment?

This analysis is over a 5 year period assuming a 33% tax bracket.
What are you currently paying in rent each month?
$
   
How much is it increasing each year? (1-7%)
%
   
How much will your house cost?
$
   
How much are you putting down?
%
   
How much will your house appreciate each year?
(1-10%)
%

Your Analysis

Over five years you would pay   $ in rent.
Over five years you would pay $ in house payments.
But your home would go up in value by $ .
And you would save $ in taxes.
And pay off $ of the loan, which is equity in the home.
The net of it - by buying this home you will save on average $ per month and in total $ over 5 years.

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