1,231,853
Your financial adviser or tax accountant or good old legal tablet & pencil. My dad could have done it in his head
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
5,772,575
John
Ron did that on his HP calculator. and I think that you have excellent suggestions here. A
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John DL Arendsen
Leucadia, CA
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Mary Yonkers
Erie, PA
1,466,257
John DL Arendsen Here's a link to an Excel spreadsheet that may work for you.
oregonstate.edu/instruct/ans440/Files/Leasebuy.xls
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
1,552,938
I had my lender and my CPA coolaborate on a short slide Powerpoint for me.
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
4,900,085
Our MLS software (Matrix) has a feature where you can generate a report that will show you the advantages of buying vs renting.
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
1,617,916
the have apps for this one
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
1,525,616
I would contact a trusted mortgage banker or broker.
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Mary Yonkers
Erie, PA
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John DL Arendsen
Leucadia, CA
1,505,863
Looks like Michael Setunsky has a great spreadsheet linked and Ken Jones has one for you too.
My view: I look at what someone could get a mortgage on a home for versus what they're paying in rent. A big enough difference and it makes sense.
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Michael Setunsky
Woodbridge, VA
1,624,653
Just google Rent vs Buy and there only zillions of charts/images to choose from. I collected a lot of them on my pinterst board.
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John DL Arendsen
Leucadia, CA
4,319,773
John DL Arendsen - there are a few, including Mortgage101. (And sure enough Ken may have sent you the spreadsheet by now.)
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John DL Arendsen
Leucadia, CA
2,443,250
Doesn't the NAR put out a pamphlet on this?
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John DL Arendsen
Leucadia, CA
6,416,359
How indepth do you want to get with this John, easy to make your own.
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John DL Arendsen
Leucadia, CA
5,237,958
I use paper and a calculator for a rough idea. Double checking with an accountant can't hurt!
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Mary Yonkers
Erie, PA
4,800,132
I would think a spread sheet would be the best.
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Mary Yonkers
Erie, PA
5,583,328
that's what accountants are for..... and each financial picture results in a different bottom line....
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John DL Arendsen
Leucadia, CA
1,728,056
I like using the local numbers right out of the mls.
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John DL Arendsen
Leucadia, CA
3,071,489
7,862,367
3,741,214
3,986,308
Really explainiing that the costs for the owner are about the same as for a buyer and that renting you are paying for the house for the owner.
4,272,934
2,784,416
Rents are found in classified for rent ads and buy data MLS. Also, a good loan officer can show payments, money done, costs etc.