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Rent vs. Buy Input Information Rent Info Monthly Rent : ($) Annual Rent Increase : (%) Property Information Home Value : ($) Annual Maintenance : ($) Annual Appreciation : (%) Years Before Sell : (Yrs) Selling Cost : (%) Loan Information Amount : ($) Interest Rate : (%) Length : (Yrs) Points : (%) Taxes And Insurance Information Your Tax Rate : (%) Annual Taxes : ($) (%) Annual Insurance : ($) (%) Annual PMI : ($) (%)  Let Me Print That Form in PDF! Send calculation results to email Send to Email Address : Name : Phone # : Show Schedule Table Free calculators brought to you by H3 Homes, Inc. Financial Analysis (Switch to Plain English)   Rent Buy Taxes and Insurance : $0.00 $22,500.00 Total PMI : $0.00 $3,229.17 Total Maintenance : $0.00 $4,500.00 Total Payments : $51,996.70 $110,752.41 Average Monthly Payment : $866.61 $1,845.87 Monthly Rent Savings : $979.26 Tax Savings : $0.00 $4,550.00 Total Rent Savings : $54,205.71 House Appreciation Value : $382,884.47 Proceeds Minus Costs : $356,082.56 Loan Balance : $229,571.83 Equity Appreciation : $126,510.73 Home Purchase Benefits : $72,305.01 Plain English Help (Switch to Financial Analysis) Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home. If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent. If you purchased a home and borrowed $250,000.00 with a 5.000% interest rate, and you paid $900.00 every year toward its maintenance, you would pay $110,752.41 in a 5 year period toward mortgage payments if your Federal tax rate is 26.000%, you pay $3,000.00 in taxes each year and your annual insurance rate is $1,500.00. When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home. If your home shows an annual appreciation of 5.000% and your selling cost is 7.000%, your house appreciation value will be $382,884.47. As a result, your total home purchase benefit will amount to $72,305.01.