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Should I Buy or Rent?
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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