For orientation

Financial Planning Tools

Three ways to stress-test a decision before you make it

These tools use only the numbers and assumptions you enter, changed easily if your own outlook differs. They are estimates for orientation, not a quote, an offer of credit, or investment advice.

Pick a toolPlanning

Purchase priceDown payment (%)Interest rate (%)Term (years)Property tax (per year)Insurance (per year)HOA / condo (per month)Maintenance (% of value/yr)Home appreciation (%/yr)Closing costs (%)Selling costs at exit (%)Comparable monthly rentRent growth (%/yr)Years to compare

Monthly cost of owning$6,325

Net cost of buying, 7 yrs (cash out minus equity built)$358,145

Total rent paid, 7 yrs$294,239

Estimated proceeds after loan payoff and selling costs by year 7$375,629

Renting comes out ahead by$63,906

Renting stays cheaper through year 7 at these assumptions.

These figures are estimates for orientation, not a quote, an offer of credit, or investment or tax advice. LEYEFEMI is not a lender, financial advisor, or accountant; confirm rates, costs, and tax treatment with the relevant professional before relying on any number here.

Ready to run these numbers against a real property? Talk to us.