note: in the input portion just put the bolded data and everything will be calculated

buy vs rent decision

input
asking price 620,000
final price 600,000
down payment percentage% 20%
down payment amount 120000
actual mortgage 480,000
overall taxes percentage 3%
taxes due amount 18000
closing fees today 2000
monthly maintenance/property tax 1400
rent payment monthly 3000
monthly property tax 1050
monthly condo fees 300
monthly maintenance 50

no of years 25
annual rate 4.50%
effective monthly rate(you have to calculate it manually) 0.00330589
no of payments 300

mortgage monthly payment

rate 0.00330589
nperiods 300
pv 480,000
pmt $2,524.90

calculation of monthly opportunity cost

rate 0.00330589
nperiods 300
fv ($236,822.29)
monthly opportunity cost pmt $462.82
monthly payments buy vs rent

RENT
Monthly rent -3000
monthly opportunity cost $462.82
monthly expenditures ($2,537.18)

BUY
Monthly mortgage payment $2,524.90
monthly condo fee 1050
monthly property text 300
monthly maintenance 50
monthly expenditure $3,924.90
difference is $1,387.72

CACULATION OF OUTSTANDING PRINCIPAL

after 2 years rate 0.00330589
nperiods 24
pmt $2,524.90
pv -480,000
fv excluding pmt $519,567.43
fv excluding pv ($62,958.14)
after 2 years out standing principal $456,609.29

after 5 years
rate 0.00330589
nperiods 60
pmt $2,524.90
pv -480,000
fv excluding pmt $585,117.31
fv excluding pv ($167,258.52)
out standing principal $417,858.79

after 10 years

rate 0.00330589
nperiods 120
pmt $2,524.90
pv -480,000
fv excluding pmt $713,254.72
fv excluding pv ($371,145.72)
out standing principal $342,109.00
y vs rent decision

fv of investment
payments due today 140000
fv of investment ($376,822.29)
opportunity cost ($236,822.29)

.
S.NO DESCRIPTION AMOUNT
1 Period
2 in months
3 selling price $600,000
4 rate 0.33%
5 down payment 120000.00
6 tax/closing 20000.00
7 tax/fees/maintenance 1400.00
8 mortgage 2524.90
9 realtors selling fee 0.05
10 fixed selling fee 2000.00
11 outstanding principle
12 net(own) outflows

13 rent payment 3000.00

14 monthly opportunity cost 462.82
15 net rent

16 net gain buy vs rent

 a)PRICE UNCHANGED B)↓10% ↑ORIGINAL PRICE↓10% C)INFLATION 2%
2 years 5 years 1o years 2 years 5 years 10 years 2 years 5 years
24 60 120 24 60 120 24 60
$600,000 $600,000 $600,000 $540,000 $600,000 $660,000 $624,240 $662,448

34908.90 92741.16 205792.04 34908.90 92741.16 205792.04 34908.90 92741.16

62958.14 167258.52 371145.72 62958.14 167258.52 371145.72 62958.14 167258.52
30000.00 30000.00 0.05 27000.00 30000.00 33000.00 31212.00 33122.42

456609.29 417858.79 342109.00 456609.29 417858.79 342109.00 456609.29 417858.79

-122476.33 -245858.47 -487046.76 -179476.33 -245858.47 -430046.76 -99448.33 -186532.41

(74804.80) (74804.80) (74804.80) (74804.80) (74804.80) (74804.80) (74804.80) (74804.80)

11540.50 30659.22 68032.63 11540.50 30659.22 68032.63 11540.50 30659.22
(63264.30) (44145.59) (6772.18) (63264.30) (44145.59) (6772.18) (63264.30) (44145.59)

-59212.03 -201712.88 -480274.59 -116212.03 -201712.88 -423274.59 -36184.03 -142386.82

NFLATION 2% D)INFLATION 5%
10 years 2 years 5 years 10 years
120 24 60 120
$731,397 $661,500 $765,769 $977,337

205792.04 34908.90 92741.16 205792.04

371145.72 62958.14 167258.52 371145.72
36569.83 33075.00 38288.45 48866.84

342109.00 456609.29 417858.79 342109.00

-362219.94 -64051.33 -88377.98 -128576.83

(74804.80) (74804.80) (74804.80) (74804.80)

68032.63 11540.50 30659.22 68032.63
 (6772.18) (63264.30) (44145.59) (6772.18)

-355447.77 -787.03 -44232.39 -121804.65