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Buy a home? Buying vs. Renting Calculator – Idaho: Victor, Driggs, Tetonia

By
Real Estate Broker/Owner with West Group Real Estate

Here is a great resource for renters considering buying a home in Idaho including Victor, Driggs and Tetonia areas. This Buying vs. Renting Calculator is provided by HUD, the U.S. Department of Housing and Urban Development.

 appthome

 

              any question

 

Link to Calculator: http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH

 

I adjusted the interest rate to 5.5% and the years you plan to stay in the home to 5 years. The calculator is using a yearly home value increase of 2%.

 The indication of the model I ran:

•·        $278.00 dollars per month savings.

•·        Does not indicate what rent increases are used.

•·        Calculates a net equity earned of 40,755.

I just found this interesting and wanted to share with others.

Comments (1)

Laura Reilly
Real Living Real Estate Professionals - Redding, CA
Home Sales Realtor - Short Sale Team Member - Redd

What a good tool. Thanks for sharing that one!

Jan 21, 2011 01:45 AM