Rent vs. Own Results

Monthly Rent:		$
Home Purchase Price:		$
Down Payment:		$
Mortgage Interest Rate:		%

Should you rent or own?		Own
Average monthly payment savings if owning:		$
Estimated total gain over 7 years if owning:		$

Payment Considerations	Rent	Own
Initial Rent Payment	$	-
Renter's Insurance	$	-
Mortgage Payment	-	$
Property Taxes	-	$
Homeowner's Insurance	-	$
Before Tax Monthly Payment	$	$
Annual Home Maintenance	-	$
Total Payments Over 7 Years	$	$
Total Tax Savings Over 7 Years	-	$
Average After Tax Monthly Payment	$	$

Investment Considerations After 7 Years
Estimated Home Selling Price		$
Loan Balance		$
Estimated Cost to Sell		$
Down Payment & Initial Closing Costs With Unearned Interest		$
Investment Gain of Owning vs. Renting		$
Total Payment Savings of Owning vs. Renting		$
Combined Gain of Owning vs. Renting		$