Friday, January 13, 2012

Rent vs Buy a Home Calculators !

Some of the useful calculators are at,

http://www.reliancehomefinance.com/Calculater/HomeFBuyRentCal.aspx

http://www.itrust.in/tools-and-calculators/Buy-vs-Rent/Calculator.jsp

http://www.propmart.com/tools/rentorbuy.asp

Buying 50 laks house with 25% downpayment - 12% Annual Home loan Interest -15 yrs tenure - 5% increase in value every year
is better only if you choose to stay for 12-13 years. :-(.

In 12-13 years, would a Apartment be worth of that 1 crore valuation given the "Quality" of construction these days ?. Would any builder dare to answer to this Million Dollar Qn ?

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