A monthly housing payment would be$000.00more than paying rent.less than paying rent.The top line is never the whole story. To see more, open the next section.
Bottom Line Comparison
The real cost of owning can't be seen by the payment alone.There are other costs, such as maintenance, and potential benefits from deductions and gains.Let's take these details into account for a more complete comparison:
Renting
Owning
Monthly Expenses
Monthly Rent
$0,000
Total Monthly Expense
$0,000
Principal
$000.00
Interest
$0,000
R.E. Taxes
$000.00
Insurance
$000.00
MI/PMI Cost
$00.00
HOA/Condo/Co-op Fee
$00.00
Maintenance
$000.00
Lost Opportunity
$00.00
Total Monthly Expense
$0,000
Short Term Monthly Benefits
Potential Tax Benefit
$00.00
Total Short Term Benefits
$00.00
Principal
$000.00
Potential Tax Benefit
$00.00
Mortgage Interest
$000.00
R.E. Taxes
$000.00
Total Short Term Benefits
$000.00
Long Term Monthly Benefit
Appreciation
$0,000
True Cost
Total Monthly Expense
$0,000
Less Short Term Benefits
$0,000
Less Long Term Benefits
$0
Total After All Benefits
$0,000
Total Monthly Expense
$0,000
Less Short Term Benefits
$0,000
Less Long Term Benefits
$0,000
Total After All Benefits
$0,000
A monthly housing cost would be$000.00more than paying rent.less than paying rent.