Mortgage Loans in Utah

Home | Site Security | Privacy Policy

Apply Online
- Apply Online
- Edit Prior Application
- Blank Printable Application
- Printable Bilingual Application
- Free Quick Quote
- New Purchase
- Refinance Adviser
- Debt Elimination
- Free Information
  - VA Eligibility FAQ
  - Debt Consolidation FAQ
  - About 1st Time Home Buying
  - VA Pre-Loan FAQ
  - Raise Your Credit Score
Loan Center
- Interest Rates
- Rate Watch
- Loan Checklist
- Loan Programs
- Loan Update
- Mortgage Glossary
- FAQ
- FHA LOANS
  - FHA - 1) Getting Started
  - FHA - 2) Finding Your Home
  - FHA - 3) You've Found It
  - FHA - 4) Financing
  - FHA - 5) First Steps
  - FHA - 6) Finding the Loan
  - FHA - 7) Closing
  - FHA - 8) HUD & the FHA
  - FHA - 9) Mtg Insurance
  - FHA - 10) Products
  - FHA FAQ
- VA Loans
  - VA Contruction and Valuation FAQ's
  - VA Post-Loan FAQ
- Jumbo Loans
  - Jumbo Loan FAQ
- 1st Time Home Buyer
  - 1st Time Home Buying FAQ
Calculators
- Basic Mortgage Qualification
- Bi-Weekly Mortgage
- Detailed Mortgage Qualification
- How Much Can I Afford?
- Interest Only Payments
- Monthly Loan Payment
- Prepayment Analysis
- Prepayment Mortgage Reduction
- Principal After X Years
- Rent vs. Own
Company Info
- About Us
- Privacy Policy
- Testimonials
- Site Security
- Contact Us
- IMPORTANT: Disclaimer Information
- Legal Disclaimer
Learn More
- Web Links
- Mortgage Process

Rent Vs Own Calculator

Should you buy a home or continue renting? Our Rent vs. Own Calculator will analyze your situation and give you some guidance.

Rent Information

Monthly Rent:	$
Monthly Insurance:	$
Est. Annual Rent Increase:	%

Home Information

Purchase Price:	$
Yearly Taxes:	$
Yearly Maintenance:	$
Yearly Insurance:	$
Est. Appreciation:	%
Selling Costs:	%

Mortgage Loan Information

Loan Amount:	$
Interest Rate:	%
Yearly Maintenance:	$
Est. Loan Costs:	$
Loan Term in Years:
Years Before Sell:

Financial Information

Tax Rate:	%
Investment Rate *:	%

* The investment rate calculates the difference between your mortgage payments and rental payments and assumes that you are earning that rate on your investments.

Buying Analysis

Based on the information provided for a 5 year period

You will pay a monthly PI (Principal and Interest) payment of:	$	880.52
You will gain a tax advantage of:	$	13,136.17
You will gain an equity appreciation of:	$	36,855.28
Totaling a net value gain of:	$	49,991.44
Selling the home in 5 years will incur closing costs of:	$	4,977.50
Giving you a total net benefit of ownership of:	$	45,013.94

Rental Analysis

Based on the information provided for a 5 year period

If you chose to buy you would have paid home buying expenses of:	$	880.52
You will gain a tax advantage of:	$	52,831.50
You will pay rental expenses of:	$	46,397.11
Giving a difference of:	$	6,433.94
Investing the average yearly difference of $ 1,286.79 for 5 years at %8 yields:	$	8,152.10
Selling the home in 5 years will incur closing costs of:	$	4,977.50
Giving you a total net benefit of ownership of:	$	45,013.94

Final Analysis

Because your Total Benefit of Ownership of $45,013.94 is GREATER than your investment yield of $8,152.10, it would be in your best interest to BUY this home rather than to RENT it.

The results shown above should be used only for informational purposes. The accuracy of these results is not guaranteed. If you seek additional help or explanation, please refer to your loan officer.