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Rent vs Buy Calculator | Real Mortgage Associates
We at Real Mortgage Associates know that in today's world every dollar counts.
That's why our calculators are built to easilly show you what your payments will be.
RENT VS BUY CALCULATOR
We at Real Mortgage Associates know that in today's world every dollar counts...
Rent vs Buy Calculator
Step 1 . Enter current rent information
Current Monthly Rent
Est Annual Rent Increase
Step 2 . Enter estimated mortgage information
Purchase price
Down Payment
Mortgage Required
Mortgage Default Insurance
Amortization
Interest Rate
Est Annual Increase In Value
Step 3 . Choose Comparison Time Frame
Time Frame
Step 4 . Results
If you believe in the status quo, then you can continue to rent. The status quo will come at a cost to you of
over a period of .
On the other hand, if you were to purchase a home for
your monthly mortgage payment will be .
Over a period of , your mortgage will cost you a total of
and build you a home equity of
.
RENT VS BUY TABLE
| Year | Rental Payments (Cumulative) | Mortgage Payments (Cumulative) | Equity (Cumulative) |
|---|
| {Year} | {Rent} | {Mortgage} | {Equity} |
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