Thursday, April 28, 2011

Rent or Buy? Here is the best calculator

Here is a link to the best rent or buy calculator I have found.  If you are renting, you will definitely want to bookmark it.  It is from the New Times and it includes:

Mortgage payment


Principal


Interest


Condo/common fees


Property taxes


Utilities


Renovations


Maintenance


Homeowner’s insurance


Lost opportunity costs
Down payment/initial costs


Yearly costs


Selling costs
Closing costs


Remaining principal


Tax (if any) on profit


                                                                                                                                                             



    












2 comments:

  1. Kevin, consider sharing this post with all your readers, just copy and paste it and add your own commentary.
    http://albertabubbleblog.blogspot.com/2011/04/it-can-not-be-said-any-better.html

    ReplyDelete
  2. Your add definitely solve the confusion of choosing which is better buying or renting.It will sourly help the people who are renting.

    ReplyDelete