Rent vs. Buy Evaluation Report

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Rent vs. Buy Summary

Based on your financial input of $1,500.00 monthly budget and $100,000.00 cash flow available, we have generated a comparison report of 2 scenarios (M1 and M2) for different term periods. You will see, from below, whether you should be buying or renting. The calculator automatically puts your cash flow available into mortgage down payment and/or investment at 8.5% annual growth on investment and 3% home inflation with 175% home value cap.

Your Financial Input

Monthly Budget $
Available Cash $
Estimated Investment Gain %
Estimated Mortgage Interest %
Estimated Property Tax %
Estimated Mortgage PMI %
Estimated Insurance /mo $
Estimated Home Inflation %
Estimated Home Value Cap %

 

 

Term M1 Net Value M2 Net Value Rent Net Value
10M $122,187.00 $222,366.00 $46,098.00
15M $145,036.00 $340,970.00 $69,974.00
20M $162,608.00 $513,260.00 $151,205.00
25M $115,876.00 $726,156.00 $318,676.00
30M $60,364.00 $1,059,409.00 $615,825.00
35M $-2,349.00 $1,579,996.00 $1,107,964.00
40M $-70,085.00 $2,388,207.00 $1,893,302.00
45M $-141,456.00 $3,633,233.00 $3,119,508.00
50M $-216,823.00 $5,536,776.00 $5,008,632.00

Scenario M1

  • Buy: Monthly mortgage payment budget of $1,500.00 with $100,000.00 as down payment.
  • Rent: Monthly rent spent of $1,500.00 with $100,000.00 invested.

M1

Mortgage

$1,500.00 monthly mortgage budget (3% annual growth in property value with 175% cap) with $100,000.00 in down payment

Rent

$1,500.00 monthly rent budget with $100,000.00 investment at 8.5% annual growth
Term Mortgage Details Total Spent Home Value Net Value Total Rent Investment Net Value
10M Principal: $131,000.00
Interest: $28,157.36
Insurance: $6,000.00
Tax: $23,100.00
PMI: $0.00
$188,257.36
View Schedule
$310,444.68 $122,187.32 $180,000.00 $226,098.34 $46,098.34
15M Principal: $173,000.00
Interest: $57,338.82
Insurance: $9,000.00
Tax: $40,950.00
PMI: $0.00
$280,288.82
View Schedule
$425,325.10 $145,036.28 $270,000.00 $339,974.29 $69,974.29
20M Principal: $205,000.00
Interest: $93,142.32
Insurance: $12,000.00
Tax: $61,000.00
PMI: $0.00
$371,142.32
View Schedule
$533,750.00 $162,607.68 $360,000.00 $511,204.61 $151,204.61
25M Principal: $229,000.00
Interest: $133,623.91
Insurance: $15,000.00
Tax: $82,250.00
PMI: $0.00
$459,873.91
View Schedule
$575,750.00 $115,876.09 $450,000.00 $768,676.24 $318,676.24
30M Principal: $248,000.00
Interest: $178,236.38
Insurance: $18,000.00
Tax: $104,400.00
PMI: $0.00
$548,636.38
View Schedule
$609,000.00 $60,363.62 $540,000.00 $1,155,825.16 $615,825.16
35M Principal: $264,000.00
Interest: $226,948.63
Insurance: $21,000.00
Tax: $127,400.00
PMI: $0.00
$639,348.63
View Schedule
$637,000.00 $-2,348.63 $630,000.00 $1,737,964.24 $1,107,964.24
40M Principal: $276,000.00
Interest: $277,684.88
Insurance: $24,000.00
Tax: $150,400.00
PMI: $0.00
$728,084.88
View Schedule
$658,000.00 $-70,084.88 $720,000.00 $2,613,301.56 $1,893,301.56
45M Principal: $285,000.00
Interest: $329,956.33
Insurance: $27,000.00
Tax: $173,250.00
PMI: $0.00
$815,206.33
View Schedule
$673,750.00 $-141,456.33 $810,000.00 $3,929,508.37 $3,119,508.37
50M Principal: $293,000.00
Interest: $385,072.91
Insurance: $30,000.00
Tax: $196,500.00
PMI: $0.00
$904,572.91
View Schedule
$687,750.00 $-216,822.91 $900,000.00 $5,908,631.55 $5,008,631.55

Scenario M2

  • Buy: Monthly mortgage payment budget of $1,500.00 with $0 as down payment and $100,000.00 invested.
  • Rent: Monthly rent spent of $1,500.00 with $100,000.00 invested.

M2

Mortgage

$1,500.00 monthly mortgage budget (3% annual growth in property value with 175% cap) with $0 in down payment and $100,000.00 investment at 8.5% annual growth

Rent

$1,500.00 monthly rent budget with $100,000.00 investment at 8.5% annual growth
Term Mortgage Details Total Spent Home Value Investment Net Value Total Rent Investment Net Value
10M Principal: $131,000.00
Interest: $28,157.36
Insurance: $6,000.00
Tax: $13,100.00
PMI: $1,528.33
$179,785.69
View Schedule
$176,053.05 $226,098.34 $222,365.70 $180,000.00 $226,098.34 $46,098.34
15M Principal: $173,000.00
Interest: $57,338.82
Insurance: $9,000.00
Tax: $25,950.00
PMI: $3,243.75
$268,532.57
View Schedule
$269,528.36 $339,974.29 $340,970.08 $270,000.00 $339,974.29 $69,974.29
20M Principal: $205,000.00
Interest: $93,142.32
Insurance: $12,000.00
Tax: $41,000.00
PMI: $5,552.08
$356,694.40
View Schedule
$358,750.00 $511,204.61 $513,260.21 $360,000.00 $511,204.61 $151,204.61
25M Principal: $229,000.00
Interest: $133,623.91
Insurance: $15,000.00
Tax: $57,250.00
PMI: $8,396.67
$443,270.58
View Schedule
$400,750.00 $768,676.24 $726,155.66 $450,000.00 $768,676.24 $318,676.24
30M Principal: $248,000.00
Interest: $178,236.38
Insurance: $18,000.00
Tax: $74,400.00
PMI: $11,780.00
$530,416.38
View Schedule
$434,000.00 $1,155,825.16 $1,059,408.78 $540,000.00 $1,155,825.16 $615,825.16
35M Principal: $264,000.00
Interest: $226,948.63
Insurance: $21,000.00
Tax: $92,400.00
PMI: $15,620.00
$619,968.63
View Schedule
$462,000.00 $1,737,964.24 $1,579,995.61 $630,000.00 $1,737,964.24 $1,107,964.24
40M Principal: $276,000.00
Interest: $277,684.88
Insurance: $24,000.00
Tax: $110,400.00
PMI: $20,010.00
$708,094.88
View Schedule
$483,000.00 $2,613,301.56 $2,388,206.68 $720,000.00 $2,613,301.56 $1,893,301.56
45M Principal: $285,000.00
Interest: $329,956.33
Insurance: $27,000.00
Tax: $128,250.00
PMI: $24,818.75
$795,025.08
View Schedule
$498,750.00 $3,929,508.37 $3,633,233.29 $810,000.00 $3,929,508.37 $3,119,508.37
50M Principal: $293,000.00
Interest: $385,072.91
Insurance: $30,000.00
Tax: $146,500.00
PMI: $30,032.50
$884,605.41
View Schedule
$512,750.00 $5,908,631.55 $5,536,776.14 $900,000.00 $5,908,631.55 $5,008,631.55

 

Your Financial Input

Monthly Budget $
Available Cash $
Estimated Investment Gain %
Estimated Mortgage Interest %
Estimated Property Tax %
Estimated Mortgage PMI %
Estimated Insurance /mo $
Estimated Home Inflation %
Estimated Home Value Cap %

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