Four Star Resources |
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Rent vs. Buying Perspective
With spring coming, many renters will be looking for a house to buy, expecting to get not only a good place to live but a lot of financial benefits as well. The truth is, the financial bonanza doesn't always happen."
Source: Scripps Howard
Three Star Resources |
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Rent vs. Buying Perspective
"With spring coming, many renters will be looking for a house to buy, expecting to get not only a good place to live but a lot of financial benefits as well. The truth is, the financial bonanza doesn't always happen."
Source: Scripps Howard
Rent or Buy?
A brief decision table and rent vs. buy calculator that answers the question "Am I better off renting?" The results are presented in report and graph form.
From the Resource:
"This calculator calculates whether buying a home is a better deal than renting. In some cases, renting may be cheaper than buying. For example, renting often requires a smaller monthly cash outflow than a combined mortgage payment that includes principal and interest, insurance and taxes (P+I+T+I) and, possibly, mortgage insurance. As a result, renting may free up your cash flow and allow you to invest. The calculator allows you to designate a savings interest rate to include these savings in the analysis.
The calculator calculates the tax savings you realize from deducting mortgage interest and loan closing costs. It also estimates the equity that you earn in your home over the time you own it, which boosts your personal net worth. Renting does not create net worth."
Source: Freddie Mac
Renting vs. Buying: Advantages and Disadvantages
An easy-to-read table highlighting the advantages and disadvantages of both renting and buying a home.
From the Resource:
"If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is the "American Dream", many people simply assume that it's always to their advantage to buy a home, and for most, it is. Take a moment to review the following table to see how your situation fits in. Items in the green boxes are advantages and in the red boxes are disadvantages."
Source: HBIC
Rent vs. Buy Calculator
A detailed, interactive rent versus buy calculator producing a comprehensive analysis of your personal situation.
From the Resource:
"This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision."
Source: Homefinder
Rent vs. Buy Calculator
This tool will allow you to estimate the difference between renting a property and buying a home. Type in your monthly rental payment, purchase price of the home, anticipated down payment, mortgage interest rate and number of years you plan on keeping the home. The result is a solid analysis including payment comparison, before tax savings, after tax savings, tax considerations, investing compared to appreciation on the home, and rent versus own savings. An example conclusion is "by buying your home versus renting you will have saved $636,437.38 over the next 30 years."
Source: E-loan
Rent or Buy?
A brief decision table and rent vs. buy calculator
Source: Freddie Mac
Renting vs. Buying: Advantages and Disadvantages
"Take a moment to review the following table to see how your situation fits in. Items in the green boxes are advantages and in the red boxes are disadvantages."
Source: HBIC
Rent vs. Buy Calculator
"Use this calculator to determine whether it is a better financial decision to rent or to own a home."
Source: Homefinder
Rent vs. Buy Calculator
"This tool will allow you to estimate the difference between renting a property and buying a home."
Source: E-Loan
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