I need this !
February 23rd, 2008 by Rxx
Need to visit this when next in Japan.
Category: Cool Stuff !! | No Comments »
Archive for February, 2008
The Hosting Company I use and Highly Recommend
February 17th, 2008 by Rex
Category: Blogging, Web Building, WordPress | No Comments »
Rent vs Buy
February 5th, 2008 by Rxx
http://www.tcalc.com/tvwww.dll?LoanVsLoan
Rent vs. Buy Calculator
This calculator will compare the cost of renting vs. the real cost of buying a home. This calculator will compare the costs and benefits of taxes, fees, and interest you will pay when buying a home to the monthly rent you pay when renting. It does not include payments made against the principal on your loan, since those payments become equity in your home.
For help with a particular item, click on the “?” next to the item.
| Monthly rent: | $ | |
| Home cost: | $ | |
| Down payment: | $ | |
| Loan term: | months | |
| Points: | % | |
| Fees: | $ | |
| Mortgage insurance: ? | $ | |
| Homeowner’s insurance: ? | $ | |
| Association dues: ? | $ | |
| Average monthly maintenance: ? | $ | |
| Property tax: | % | |
| State and Federal income tax: ? | % | |
| Interest rate: | % | |
| Your savings rate: ? | % | |
| How much will your home appreciate each year?: ? | % | |
| How much will rent increase each year?: ? | % | |
| How long will you stay in this property?: ? | months |
| Rent | Buy | |||
| Monthly expenses | ||||
| Monthly payment | 3,000.00 | 4,496.63 | ||
| Property tax | 937.50 | |||
| Association dues | 0.00 | |||
| Mortgage insurance | 0.00 | |||
| Homeowner’s insurance | 400.00 | |||
| Other costs | 200.00 | |||
| Total Monthly payment | 3,000.00 | 6,034.13 | ||
| Present value of all costs over 120 months ? | 289,326.25 | 462,767.77 | ||
| Home equity ? | -9,457.99 | |||
| Total net cost | 289,326.25 | 472,225.76 |
You will save $182,899.51 if you rent instead of buy.
Category: I want financial freedom | No Comments »
