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November 19, 2005

Neat Mortgage Calculator

I've found that it makes no sense from a cash flow perspective to buy a house in California right now when rents are so low.

Now, this is pretty cool. A simple mortgage calculator with very interesting results: it specifically calculates the difference in your buying versus renting. So, it can tell you over the course of the loan how much you save thanks to the tax deduction on interest, and it’ll tell you how big of a loan you can take on at your current rent payment.

 

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Posted on November 19, 2005 08:41 AM by Mortga79.
Filed in Real Estate under mortgage calculator.
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