Excel Model: Buy or Rent Calculator
Title: Buy or Rent Calculator
Description:
This spreadsheet helps users decide whether to buy or rent a property by comparing the costs and benefits of each option over a specified period. It includes sections for entering assumptions, summarizing costs, and detailed monthly mortgage calculations.
- Assumptions and Summary: Enter key assumptions for renting and buying scenarios, including initial costs, rates, and property details. The summary provides a comparison of the total costs and savings for both scenarios.
- Monthly Mortgage Calculation: Detailed monthly breakdown of mortgage payments, including principal, interest, maintenance, property tax, insurance, and other expenses.
Source: Custom Calculator
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Click the following icon to download the spreadsheet, allowing you to save the file on your computer along with edits.
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