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Renting Vs Buying Calculator

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Mortgage Analysis

With your monthly payment of 825.00 and a 30 Year Loan at 5.0 %

You will have a loan of $ 153,682.33

Adding your Downpayment of $ 14,000.00 gives a total house value of $ 167,682.33

After 30 Years you will own a $ 341,574.94 house and have saved 40,128.95 in Income Taxes on Interest Payments of $ 143,317.67

Renting Analysis

Instead we take your downpayment and let it grow

After 30 years your $ 14,000.00 has increased to $ 161,815.52

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http://www.mortgage-calc.com/mortgage/rentvsbuy.php

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Mortgage Analysis

With your monthly payment of 825.00 and a 30 Year Loan at 5.0 %

You will have a loan of $ 153,682.33

Adding your Downpayment of $ 14,000.00 gives a total house value of $ 167,682.33

After 30 Years you will own a $ 341,574.94 house and have saved 40,128.95 in Income Taxes on Interest Payments of $ 143,317.67

Renting Analysis

Instead we take your downpayment and let it grow

After 30 years your $ 14,000.00 has increased to $ 161,815.52

--

http://www.mortgage-calc.com/mortgage/rentvsbuy.php

When I put my deposit etc, into this tool, I came out better off renting!

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seems the larger the deposit, the better off renting you would be ?

If for example u have no deposit it basically says over time its better off buying than renting.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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