Purchase or Rent Analysis

Inputs
length of years
personal interest rate

5
10%

Renting
Deposit
Monthly payments(1st year)
Monthly rent change each year
Renters insurance(monthly)

1200
1200
25
35

Purchase
Application/closing fees
purchase price
down payment percentage
loan interest rate
loan length(years)
Monthly insurance and tax
Monthly maintenance
Future selling price
Sales commission
Calculations
Monthly mortgage payment
Mortgage balance at time of sale

Factor
Future selling price
Mortgage rate
Length of ownership

2000
150000
20%
7%
30
200
50
160000
7%

HK$798.36
112957.9078

Breakeven
Percent change from
Value
most likely
158057.9191
-1.21%
7.20%
2.8571%
3.95
-21%

Rent Analysis
PW Analysis
cash inflows are negative and chas
outflows are postive values
Renting
Deposit
Monthly payments(base)
Monthly rent change each year
Renters insurance
Renting total cost

470.65
56,478.44
2,058.54
1,647.29
60,654.92

Purchase
Application/closing fees
Mortgage payments
pown payment

2,000.00
37,575.25
30,000.00

Monthly insurance and tax

Monthly maintenance
Equity in house
Sales commission
Owning total cost
PW advantage
Purchase Home

9,413.07
2,353.27
(28,591.65)
6,807.23
59,557.18

1097.7484190255