Rent Vs. Own Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click the "View Report" button for a detailed look at the results. Would you like to know how much you could save by buying a home versus staying in your current apartment? This analysis is over a 5 year period assuming a 33% tax bracket. What are you currently paying in rent each month? $   How much is it increasing each year? (1-7%) %     How much will your house cost? $     How much are you putting down? %     How much will your house appreciate each year? (1-10%) %   Your Analysis Over five years you would pay   $ in rent. Over five years you would pay $ in house payments. But your home would go up in value by $ . And you would save $ in taxes. And pay off $ of the loan, which is equity in the home. The net of it - by buying this home you will save on average $ per month and in total $ over 5 years.

© 2005 First Republic Mortgage Corporation • e-mail: info@firstrepublicmortgage.com • phone: 1-888-570-1144