Magna Bank : Rent vs. Own

Rent vs. Own

Compare the estimated costs of buying vs. renting a home.

*	Monthly Rent:	$
*	Annual Rent Increase:		%
*	Monthly Renter's Insurance:	$
*	Home Purchase Price:	$
*	Down Payment:	$
*	Mortgage Interest Rate:		%
*	Estimated Home Purchase Costs:		%
*	Property Tax Rate:		%
*	Annual Home Maintenance:		%
*	How Long Before Selling?		Years
*	Annual Home Appreciation:		%
*	Selling Costs:		%
*	Interest Earned on Down Payment:		%
*	Your Income Tax Rate:		%


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The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

Pat Walker, Sr. Loan Officer

Magna Bank
206A Cool Springs Blvd, Suite 106, Franklin, TN 37067
Office:  (615) 309-2981
Cell:  (615) 945-0021
Fax:  (615) 309-2949
pat.walker@magnabank.com