RENT VS BUY CALCULATOR

Rental Information:
Monthly rental payment ($)  
Monthly renter's insurance ($)  
Annual rent increase rate (%)  
New Home Purchase Info:
Price of home ($)  
Monthly property taxes ($)    
Monthly home owner's insurance ($)  
Monthly home maintenance ($)  
Annual home appreciation value (%)  
New Home Loan :
Loan amount ($)  
Interest rate (%)  
Term (years)  
Loan points ($)  
Down Payment & Loan closing costs ($)
(non tax deductible items)
 
How Long Do You Plan To Keep Your New Home?
Expected Number of Years  
Typical Selling costs (%)  
Savings account rate (%)  
Tax rate (%)  
     
     
Rent vs Buy Analysis Summary
Based on your situation, we've determined that you would be better off owning a home.
You would be $39,551.73 better off owning this home than renting.
This was based on your home equity at the time of sale minus your total rent savings if you had rented over the same period of time.
 
Cost of Renting
Years to Rent5 years
Total Rent and Insurance$46,397.11
 
Cost of Owning Your Home
Mortgage Payments$54,684.95
Taxes and Insurance$12,150.00
Maintenance$6,000.00
Tax Savings($12,454.51)

Total Cost of Ownership$60,380.44
 
Home Sale Analysis
Monthly Mortgage Payment$911.42
House Value with Appreciation$220,399.21
Proceeds minus Costs of Sale$204,971.27
Loan Balance($139,795.43)
Your Equity$65,175.84
 
Rent Vs Buy Analysis
Monthly Rent savings$388.43
The cost of home ownership minus the cost of renting as monthly cost
Total Rent Savings$25,624.10
Your monthly rent savings times the number of months you lived in the house plus the savings interest you would have earned on your down payment and closing costs

 


 

   ARNEL G REAL ESTATE & HOME LOANS
   3111 Camino Del Rio North, Suite 400
   San Diego CA 92108
   P: 800-566-3961
   F: 760.494.5308
     


CA Dept. of Real Estate Broker 01709763

Copyright © 2006 Arnel Guanzon BROKER


Information in this site deemed reliable but not guaranteed for San Diego, La Jolla, Del Mar, El Cajon, La Mesa, Spring Valley, Escondido, Rancho Bernardo, Mira Mesa,
Poway, Scrips Ranch, Mt.Helix, Mission Hills, Pacific Beach, Point Loma, San Diego County Real Estate & homes. MLS multiple listing service data here is provided by
SANDICOR and SOCAL MLS. This covers MLS residential or commercial homes in beach cities or ocean front real estate, such as in La Jolla, CA, Pacific Beach, Ocean Beach,
Mission Beach, San Diego, Point Loma, Del Mar. MLS Data here is useful to buy or sell MLS 1031 homes or other real estate homes, condos, town homes in La Jolla, Del Mar, El Cajon, La Mesa, Spring Valley, Escondido, Rancho Bernardo, Mira Mesa, Poway, Scrips Ranch, CA, Mission Hills, San Diego and Pacific Beach or North Park, California. Home data here helps people in IRC, 1031, property, property exchange dealing in MLS real estate and homes and real estate properties in La Jolla, Del Mar, El Cajon, La Mesa, Spring Valley, Escondido, Rancho Bernardo, Mira Mesa, Poway, Scrips Ranch, Mission Hills, Pacific Beach, Point Loma. Arnel Guanzon, Arnel Guanzon Broker, "Arnel G" serves these cities as a Broker-Realtor®Mortgage Broker. He serves real estate clients looking for homes and condos and town homes and lots and property in San Diego, La Jolla, Pacific Beach, Mission Hills, Del Mar, El Cajon, La Mesa, Spring Valley, Escondido, Rancho Bernardo, Mira Mesa, Poway, Scrips Ranch,Point Loma and nearby cities, supplying MLS, neighborhood and school information.

   
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