Rent vs. Own Comparison
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Default Values are for this 4226 Louisiana Ave N.
Mouse over Yellow or Red boxes For Explanation
Purchase Price
Times Yearly Value Appreciation Rate
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
7%
First Year's Appreciation
Monthly Appreciation
Annual Property Insurance
Percentage - Down Payment
0%
3%
5%
10%
15%
20%
Mortgage Amount
Interest rate
4.00%
4.13%
4.25%
4.38%
4.50%
4.63%
4.75%
4.88%
5.00%
5.13%
5.25%
5.38%
5.50%
5.63%
5.75%
5.88%
6.00%
6.13%
6.25%
6.38%
6.50%
6.63%
6.75%
6.88%
7.00%
7.12%
7.25%
7.38%
7.50%
7.63%
7.75%
7.88%
8.00%
Term of Mortgage
15
20
30
40
Solve for Monthly Payment
Solve for Unpaid Balance after 1 year
Principal Reduction
Average Monthly Principal Reduction
Annual Interest (interest only)
Linda & Chuck Heubach
Plus Annual Property Taxes
952.931.9008
Mortgage Insurance Premium
"Let us show you how..."
Total Tax Deductible Items
Times Marginal Tax Bracket
10%
15%
25%
28%
33%
35%
Don't Forget About the First Time Homebuyers Tax Credit!!!
Total Tax Savings
Monthly Tax Savings
Monthly Payment (P&I)
Plus 1/12 Annual Tax and Insurance
Mortgage Insurance Premium
Plus HOA Fee
Total Monthly Payment
Less Monthly Tax Savings
Less Monthly Appreciation
Less Monthly Principal Reduction
Net Cost of Owning
Monthly Rent for Comparison
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
2000
2100
Less Net Cost of Owning
Monthly Cost of Renting vs. Owning
Annual Cost of Renting vs. Owning
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