Rent vs. Own Comparison
Input yellow boxes...all other fields are calculated for you!
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	5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 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)
Plus Annual Property Taxes
Mortgage Insurance Premium
Total Tax Deductible Items
Times Marginal Tax Bracket	10% 15% 25% 28% 33% 35%
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
		Linda & Chuck Heubach
			952.931.9008
		"Let us show you how..."