Costs of Buying
VA Loan?
$50,000$2,000,000
Home price / purchase price estimate.
$57,500 =
0%100%
As a percent of the offer price.
0.000%15.000%
Interest rate for your loan.
$0$10,000
Monthly Home Owner Association dues.
5 years40 years
Loan term in years.
Advanced
$323 / mo =
0.00%3.00%
Auto-updates from down payment (0% at 20%+ down).
$6,325 =
0.00%5.00%
As a percent of purchase price.
$0$50,000
Title, lender fees, escrow setup, recording, etc.
$0$6,000
Annual homeowners insurance premium.
$34,500 =
0.00%12.00%
Agent commissions + seller-side costs as a percent of sale price.
Cost of Renting
$0$10,000
Base monthly rent.
Advanced
$0$1,000
Monthly utilities paid by renter.
$0$200
Monthly renter's insurance.
$0$20,000
Refundable upfront security deposit.
$0 =
0.00%10.00%
One-time broker or leasing fee.
Taxes
$5,750 / year =
0.00%5.00%
Annual property tax rate as a percent of assessed value.
0.00%50.00%
Combined marginal federal + state tax rate.
$0$40,000
Your federal standard deduction.
$0$100,000
Annual itemized deductions excluding mortgage interest and property tax.
Future Growth
-10.00%15.00%
Annual expected appreciation rate (nominal).
$5,750 / year =
0.00%10.00%
Expected annual maintenance costs.
-5.00%15.00%
Expected annual rent growth.
-2.00%10.00%
General inflation assumption.
-5.00%20.00%
Expected annual return on invested capital.
Purchase Options
| Option A | Option B | ||
|---|---|---|---|
| Buying Offer (input) | |||
| Seller Credits (input) | |||
| Purchase Value | $565,000 | $565,000 | |
| Borrowed Amount | $508,500 | $517,500 | |
| Closing Costs | $16,215 | $16,325 | |
| Cash to Close | $72,715 | $63,825 | |
| Principal | $460 / mo | $468 / mo | |
| Interest | $2,754 / mo | $2,803 / mo | |
| Taxes, Insurance, HOA, PMI | $1,174 / mo | $1,189 / mo | |
| Taxes Saved | $452 / mo | $468 / mo | |
| Investment Opportunity Cost | $344 / mo | $299 / mo | |
| Monthly Cash Flow | -$245 / mo | -$301 / mo | |
| Monthly Asset Flow | -$581 / mo | -$600 / mo | |
| Breakeven Timeline | 2 yr 5 mo | 2 yr 5 mo |