Own vs. Rent
Loan $546,250 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000
Loan $546,250 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000
If Rate is… 5% P&I Pmt 5% $2,932 5% $2,684 5% $2,416 5% $2,147 5% $1,879 5% $1,610 5% $1,342 5% $1,074
If Rate is… 5.5% P&I Pmt 5.5% $3,102 5.5% $2,839 5.5% $2,555 5.5% $2,271 5.5% $1,987 5.5% $1,703 5.5% $1,419 5.5% $1,136
Relative Additional Expense $1,235 $1,078 $900 $722 $545 $367 $189 $11
~Tax $626 $573 $516 $458 $401 $344 $286 $229
No more ~Ins ~Write-off Rent $57 ($580) ($1,800) $52 ($531) ($1,700) $47 ($478) ($1,600) $42 ($425) ($1,500) $36 ($372) ($1,400) $31 ($319) ($1,300) $26 ($266) ($1,200) $21 ($213) ($1,100)
~Tax $626 $573 $516 $458 $401 $344 $286 $229
Relative No more Additional ~Ins ~Write-off Rent Expense $57 ($626) ($1,800) $1,358 $52 ($573) ($1,700) $1,191 $47 ($516) ($1,600) $1,002 $42 ($458) ($1,500) $813 $36 ($401) ($1,400) $624 $31 ($344) ($1,300) $435 $26 ($286) ($1,200) $246 $21 ($229) ($1,100) $56