Download Rent vs Buy Calculator 4 APK for Android

File name: Rent-vs-Buy-Calculator.APK
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

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Updates:
Improved label descriptions and help.