Glossary
Total principal and interest payments over the number of years that you plan to
own your home.
A specified property value increased by a selected rate of appreciation for a
specific number of years.
The estimated gross costs of buying minus estimated tax savings and the
estimated increase in equity.
The amount of tax a renter would save instead of owning a home based on property
taxes and interest paid.
The total current rental payments for the same number of years you would plan to
own a home increased by a yearly rental increase adjustment.
The estimated net costs of renting minus the lower net cost of buying.
The estimated total savings of buying invested at a rate of 8% for the number of
years that a borrower would plan to own a home.
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