Rent Versus Buy Analysis
Computing Costs of Rent
Current Monthly Rent:
Other Monthly Costs of Renting:
Garage Rental, Parking Fees, Storage Fees, Costs of using a Laundromat - any extra monthly costs that can be directly attributed to renting, and which will cease with the purchase of a home. But do not include costs such as utilities or telephone service, since these costs are common to both a renter or a homeowner.
How Much Can You Afford as a Down Payment?
If this Down Payment Amount was put into a Savings Account, what Annual Percent Interest would it Earn?
%
Ask your Banker, or Click
Jefferson Federal Savings Account Rates.
Estimated Annual Percentage Rate of Inflation:
%
Click Dept of Labor's
Consumer Price Index
for latest estimates of housing inflation rates.
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