RENT vs BUY

Would you like to know how much you could save by buying a home versus staying in your current apartment?

This analysis is over a 5 year period assuming a 33% tax bracket.
What are you currently paying in rent each month?
$

 

  
How much is it increasing each year? (1-7%)
%
   
How much will your house cost?
$
   
How much are you putting down?
%
   
How much will your house appreciate each year?
(1-10%)
%
Your Analysis

Over five years you would pay   $ in rent.

Over five years you would pay $ in house payments.

But your home would go up in value by $ .

And you would save $ in taxes.

And pay off $ of the loan, which is equity in the home.
The net of it - by buying this home you will save on average $ per month and in total $ over 5 years.

Indiana Licensed Mortgage Company