ID: com.projectvk.android.rentvsbuycalculator
Version: 4
File Size: 0.8Mb
Rent vs Buy Calculator Screenshots
Rent vs Buy Calculator Description
This easy to use and ADVERTISEMENT FREE calculator helps you compare the cost of buying vs. renting your home!Owning your home is a dream come true for most of us. However, there are a number of costs involved in buying your own place – some costs are easily visible e.g. mortgage payment, property taxes, Insurance etc., while other costs are not so easily visible at the time of purchase e.g. 4%-6% realtor fee to sell the home. Depending on individual’s situation these costs can be significant (especially if you are planning to live in the home for only a few years).
This calculator helps you compare the cost of buying vs. renting your home. It takes into account the cost of buying a home, property value appreciation, tax break etc. vs. simply renting a place to live.
Key Features:
Compare the cost of buying vs. renting a home
Home-ownership costs included:
· Interest portion of mortgage payments (calculated based on loan amount and interest rates)
· Closing costs
· Condo, association or other monthly fees
· Property taxes
· Homeowners insurance
· Realtor fee to sell the home
· Foregone income on the down-payment (calculated based on home value and loan amount)
Home-ownership benefits:
· Tax break on interest and property taxes (calculated based on your tax bracket)
· Home value appreciation
Renting costs:
· Rental payments
· Rent increase
· Rental insurance
Other inputs:
· Length of stay in the home/apartment
Advertisement Free
Updates:
Improved label descriptions and help.