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Renting Costs
Your current or expected rental scenario
Monthly Rent $1,200
$500$5,000
Monthly Renters Insurance $15
$0$100
Expected Annual Rent Increase 3%
0%10%
πŸ”‘
Buying Costs
Estimated costs for your purchase scenario
Purchase Price $320,000
$100K$1.5M
Down Payment $64,000 (20%)
3%40%
Mortgage Rate 6.5%
3%12%
Additional Costs
Annual Property Tax $2,000
$500$20K
Home Insurance (annual) $2,400
$500$15K
Monthly HOA / Maintenance $100
$0$1,500
βš™οΈ
Assumptions
Adjust to match your personal situation
Years in Home 7
1 yr30 yrs
Annual Home Appreciation 3%
0%10%
Realtor Commission (sale) 3%
0%6%
πŸ’‘ What This Means for You

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