A LITTLE ABOUT YOU

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Home Value
Home Value $324,000
Down Payment $22,900
Mortgage $301,100
Financed Fees $0
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Home Value,
Down Payment and
Mortgage

$500,000
$500,000

10% of home value

$500,000

30-Yr mortgage at 3.75%

$5,000
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Reset values to the SmartAsset recommendations

Income

$ .00

What is your total pre-tax income per year?

$ .00

What is your total pre-tax income per year?

$200,000
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Savings / Down Payment

$ .00

How much money will you initially put down on your home?

$ .00

Money in the bank

$ .00

Money given to you to help you with your home purchase

$200,000
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Monthly Debt Payments

Student, car or other loans, credit-card debt, etc.

$ .00

How much do you spend each month paying down your outstanding debt?

$ .00

How much total debt do you have? Student Loans, Car Loans, Credit-Card balances and any other loans

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Location

Zip code, city or county name

Zip code, city or county name

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Credit Score

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Rent Vs Buy?

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Compare

Total Monthly
Rent of

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+

Total Monthly
Payment of

...
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Home Value

Downpayment

Mortgage Value

Financed Fees

$324,000
$22,900
$301,100
$0
change
to
Mortgage Assumption
30-Yr - mortgage at
See Mortgage Details
This mortgage rate and the associated terms are intended to be indicative of mortgages currently available. It does not represent a mortgage offer.
Mortgage Assumption
30-Yr - mortgage at
See Mortgage Details

Home Appreciation

2.0%
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+

Rent Appreciation

2.0%
-
+

Home Appreciation

2.0%
-
+

Rent Appreciation

2.0%
-
+
Mortgage Assumption
30-Yr - mortgage at
See Mortgage Details
This mortgage rate and the associated terms are intended to be indicative of mortgages currently available. It does not represent a mortgage offer.

Monthly Cash Flow Comparison

At Start
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+

% of Your Income Used for Rental Payment

Monthly Home Payments

Rent
Renters Insurance

% of Your Income Used for Home Payment

Monthly Home Payments

Mortgage
Mortgage Insurance
Property Tax
Home Insurance
HOA/Condo Fees
Cost of Ownership Over 6 Years
Rent
Renters Insurance
Cost of Ownership Over 6 Years
Home Value
Mortgage Balance
Home Equity
Upfront Expenses
Down Payment
Mortgage Fees
Other Closing Costs
Ongoing Expenses
Mortgage Payment
Mortgage Insurance
Property Taxes
Homeowner's Insurance
Maintenance & Other Expenses
Total
Selling Expenses
Closing Costs
Capital Gains Tax
Proceeds From Home Sale
Tax Savings
Lost Interest Income
Cost of Renting Over 6 Years
Cost of Ownership Over 6 Years

Details

Assumptions


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How Much House Can I Afford?