About the home

Scenario 1

LTV
Down Payment
Base Loan
Total Loan
Principal & Interest
MI / MIP
Taxes
Insurance
HOA
PITIA
Cash to Close
Show amortization
YrPrincipalInterestBalance

Scenario 2

LTV
Down Payment
Base Loan
Total Loan
Principal & Interest
MI / MIP
Taxes
Insurance
HOA
PITIA
Cash to Close
Show amortization
YrPrincipalInterestBalance

Scenario 3

LTV
Down Payment
Base Loan
Total Loan
Principal & Interest
MI / MIP
Taxes
Insurance
HOA
PITIA
Cash to Close
Show amortization
YrPrincipalInterestBalance

Rent vs. Buy

Compares buying (using one of the scenarios above) against renting and investing the cash you'd otherwise spend on the down payment.

Appreciation occurs as a result of inflation, cost of land, labor and material increases from year to year. Principal paid occurs as you pay your mortgage payment each month — a small portion goes towards principal and reduces the amount you owe.