Monthly Cost Comparison
| Rent | Buy | |
|---|---|---|
| 5.574% APR - 30 Year Loan | - | $225,000 |
| Loan Payment (P&I) | - | $1,169 |
| Taxes & Insurance | - | $313 |
| Rent | $1,300 | - |
| Monthly Payments/td> | $1,300 | $1,484 |
| Monthly Interest | - | $900 |
| Property Tax | - | $183 |
| Monthly Deductible | - | $1,083 |
| Tax Rate | .25% | .25% |
| Monthly Tax Savings | - | $271 |
| Monthly Payments | $1,300 | $1,481 |
| Less Tax Savings | - | $271 |
| Less Principle Reduction | - | $269 | Actual Monthly Cost | $1,300 | $944 |
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