Rent vs. Buy Evaluation Report
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Rent vs. Buy Summary
Based on your financial input of $1,800.00 monthly budget and $900.00 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. Consult with a Mortgage Specialist
Your Financial Input
| Term | M1 Net Value | M2 Net Value | Rent Net Value |
|---|---|---|---|
| 10M | $-11,001.00 | $-10,149.00 | $-213,965.00 |
| 15M | $-14,602.00 | $-12,891.00 | $-320,940.00 |
| 20M | $-24,950.00 | $-21,840.00 | $-427,399.00 |
| 25M | $-87,868.00 | $-82,406.00 | $-533,082.00 |
| 30M | $-161,583.00 | $-152,598.00 | $-637,598.00 |
| 35M | $-243,614.00 | $-229,469.00 | $-740,358.00 |
| 40M | $-332,340.00 | $-310,282.00 | $-840,480.00 |
| 45M | $-425,533.00 | $-391,464.00 | $-936,634.00 |
| 50M | $-522,111.00 | $-470,316.00 | $-1,026,822.00 |
Scenario M1
- Buy: Monthly mortgage payment budget of $1,800.00 with $900.00 as down payment.
- Rent: Monthly rent spent of $1,800.00 with $900.00 invested.
M1 |
Mortgage$1,800.00 monthly mortgage budget (3% annual growth in property value with 175% cap) with $900.00 in down payment |
Rent$1,800.00 monthly rent budget with $900.00 investment at 8.5% annual growth |
|||||
|---|---|---|---|---|---|---|---|
| Term | Mortgage Details | Total Spent | Home Value | Net Value | Total Rent | Investment | Net Value |
| 10M |
Principal: $151,000.00 Interest: $41,190.71 Insurance: $6,000.00 Tax: $15,190.00 PMI: $1,761.67 |
$215,142.38 View Schedule |
$204,140.90 | $-11,001.48 | $216,000.00 | $2,034.89 | $-213,965.11 |
| 15M |
Principal: $196,000.00 Interest: $82,991.99 Insurance: $9,000.00 Tax: $29,535.00 PMI: $3,838.33 |
$321,365.32 View Schedule |
$306,763.78 | $-14,601.54 | $324,000.00 | $3,059.77 | $-320,940.23 |
| 20M |
Principal: $229,000.00 Interest: $133,711.67 Insurance: $12,000.00 Tax: $45,980.00 PMI: $6,583.75 |
$427,275.42 View Schedule |
$402,325.00 | $-24,950.42 | $432,000.00 | $4,600.84 | $-427,399.16 |
| 25M |
Principal: $253,000.00 Interest: $190,703.84 Insurance: $15,000.00 Tax: $63,475.00 PMI: $10,014.58 |
$532,193.42 View Schedule |
$444,325.00 | $-87,868.42 | $540,000.00 | $6,918.09 | $-533,081.91 |
| 30M |
Principal: $271,000.00 Interest: $252,723.18 Insurance: $18,000.00 Tax: $81,570.00 PMI: $14,114.58 |
$637,407.76 View Schedule |
$475,825.00 | $-161,582.76 | $648,000.00 | $10,402.43 | $-637,597.57 |
| 35M |
Principal: $285,000.00 Interest: $319,111.15 Insurance: $21,000.00 Tax: $100,065.00 PMI: $18,762.50 |
$743,938.65 View Schedule |
$500,325.00 | $-243,613.65 | $756,000.00 | $15,641.68 | $-740,358.32 |
| 40M |
Principal: $296,000.00 Interest: $389,104.93 Insurance: $24,000.00 Tax: $118,760.00 PMI: $24,050.00 |
$851,914.93 View Schedule |
$519,575.00 | $-332,339.93 | $864,000.00 | $23,519.71 | $-840,480.29 |
| 45M |
Principal: $304,000.00 Interest: $461,009.17 Insurance: $27,000.00 Tax: $137,205.00 PMI: $29,893.33 |
$959,107.50 View Schedule |
$533,575.00 | $-425,532.50 | $972,000.00 | $35,365.58 | $-936,634.42 |
| 50M |
Principal: $310,000.00 Interest: $534,698.11 Insurance: $30,000.00 Tax: $155,450.00 PMI: $36,037.50 |
$1,066,185.61 View Schedule |
$544,075.00 | $-522,110.61 | $1,080,000.00 | $53,177.68 | $-1,026,822.32 |
Scenario M2
- Buy: Monthly mortgage payment budget of $1,800.00 with $0 as down payment and $900.00 invested.
- Rent: Monthly rent spent of $1,800.00 with $900.00 invested.
M2 |
Mortgage$1,800.00 monthly mortgage budget (3% annual growth in property value with 175% cap) with $0 in down payment and $900.00 investment at 8.5% annual growth |
Rent$1,800.00 monthly rent budget with $900.00 investment at 8.5% annual growth |
||||||
|---|---|---|---|---|---|---|---|---|
| Term | Mortgage Details | Total Spent | Home Value | Investment | Net Value | Total Rent | Investment | Net Value |
| 10M |
Principal: $151,000.00 Interest: $41,190.71 Insurance: $6,000.00 Tax: $15,100.00 PMI: $1,824.58 |
$215,115.29 View Schedule |
$202,931.37 | $2,034.89 | $-10,149.03 | $216,000.00 | $2,034.89 | $-213,965.11 |
| 15M |
Principal: $196,000.00 Interest: $82,991.99 Insurance: $9,000.00 Tax: $29,400.00 PMI: $3,920.00 |
$321,311.99 View Schedule |
$305,361.61 | $3,059.77 | $-12,890.61 | $324,000.00 | $3,059.77 | $-320,940.23 |
| 20M |
Principal: $229,000.00 Interest: $133,711.67 Insurance: $12,000.00 Tax: $45,800.00 PMI: $6,679.17 |
$427,190.84 View Schedule |
$400,750.00 | $4,600.84 | $-21,840.00 | $432,000.00 | $4,600.84 | $-427,399.16 |
| 25M |
Principal: $253,000.00 Interest: $190,703.84 Insurance: $15,000.00 Tax: $63,250.00 PMI: $10,120.00 |
$532,073.84 View Schedule |
$442,750.00 | $6,918.09 | $-82,405.75 | $540,000.00 | $6,918.09 | $-533,081.91 |
| 30M |
Principal: $271,000.00 Interest: $252,723.18 Insurance: $18,000.00 Tax: $81,300.00 PMI: $14,227.50 |
$637,250.68 View Schedule |
$474,250.00 | $10,402.43 | $-152,598.25 | $648,000.00 | $10,402.43 | $-637,597.57 |
| 35M |
Principal: $285,000.00 Interest: $319,111.15 Insurance: $21,000.00 Tax: $99,750.00 PMI: $19,000.00 |
$743,861.15 View Schedule |
$498,750.00 | $15,641.68 | $-229,469.47 | $756,000.00 | $15,641.68 | $-740,358.32 |
| 40M |
Principal: $296,000.00 Interest: $389,104.93 Insurance: $24,000.00 Tax: $118,400.00 PMI: $24,296.67 |
$851,801.60 View Schedule |
$518,000.00 | $23,519.71 | $-310,281.88 | $864,000.00 | $23,519.71 | $-840,480.29 |
| 45M |
Principal: $304,000.00 Interest: $461,009.17 Insurance: $27,000.00 Tax: $136,800.00 PMI: $30,020.00 |
$958,829.17 View Schedule |
$532,000.00 | $35,365.58 | $-391,463.59 | $972,000.00 | $35,365.58 | $-936,634.42 |
| 50M |
Principal: $310,000.00 Interest: $534,698.11 Insurance: $30,000.00 Tax: $155,000.00 PMI: $36,295.83 |
$1,065,993.94 View Schedule |
$542,500.00 | $53,177.68 | $-470,316.26 | $1,080,000.00 | $53,177.68 | $-1,026,822.32 |
Your Financial Input
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