If I have a Mortgage Rate of...
and I am in a Tax Bracket of...
and my Property Tax Rate is...
while the Expected Appreciation of the home I wish to buy is...
and the Rent of a comparable property is...
and the Price of a comparable home is...
and the Condo & HOA Fees are...
and the number of Years I plan to stay in the home is..
Then on an annual basis, buying will cost me     $   than renting based on financial analysis, rather than cash outlays.
Overall, the conclusion is:
Note: This evaluation of the financial advantage or disadvantage of buying a home is based on the assumptions typed in above. Try typing in a different value for "expected appreciation," and then click the Compute button. See how it affects the results. Other assumptions also affect the results. Since nobody knows for certain how much houses will appreciate in your area in the future, it is impossible to be absolutely certain whether renting or buying will be advantageous for you.

                                                                             

NOLA Building Systems.com
1103 Joseph St

New Orleans, LA 70115
Phone: (504) 899-1947
Cell: (504) 610-1222
 
Fax: (504) 891-6867