No Registration Required to Search our IDX Real Estate Property Search, which is pulled from the NorthstarMLS service.  All Listings Copyright 2007 Regional Multiple Listing Service of Minnesota.
IDX is not the actual MLS service, but offers similar data

Linda & Chuck Heubach are licensed Minnesota Real Estate Agents.  Our Broker is Counselor Realty, Inc.
 Copyright 2008 Linda & Chuck Heubach, Salon Rental, Inc., and Counselor Realty, Inc.

rent vs own.xlsx
  Rent or Buy Decision Calculator        
       
  On-Line Spreadsheet to help people decide if they should rent or own their housing.    
  Input Your Assumptions in Yellow Fields Increasing Value Benefit    
  How Many Years will you own? First Year's Appreciation    
  Purchase Price First Year's Monthly Appreciation    
  Estimated % Value Change (+ -)        
  Percentage - Down Payment in Cash Savings on Income Tax Benefit*    
  Lost interest % on your down payment Deductible Annual Interest*      
  Approx. Closing Costs as % of Mortgage Deductible Annual Property Taxes*    
  Plus Annual Property Taxes Deductible Annual Mortgage Insuance*    
  Annual Property Insurance Total Annual Deductible Amounts*    
  Interest rate Multiply by Marginal Tax Bracket*    
  Mortgage Amortization Years First Year's Tax Savings*    
  Your Marginal Tax Bracket        
  Home Owner Association Fee (if any) Paying Down Your Mortgage Loan Benefit    
  What you pay for rent now: Unpaid Balance after 1 year    
  What was last years rental tax refund? Principal Reduction after 1 year    
  Mortgage Amount Monthly Principal Reduction    
  MONTHLY PAYMENT   Net Monthly Cost of Buying    
  Principal and Interest Total Monthly Payment    
  Monthly Tax and Insurance Less Monthly Appreciation Rate    
  Mortgage Insurance Premium Less Monthly Principal Reduction    
  Home Owner Association Fee Less Monthly Tax Savings    
  Total Monthly Payment (PITI + HOA) Loss of interest earned on down payment  
      Closing Costs amortized over ownership  
  What you pay for rent now: Net Monthly Cost of Owning  
  Monthly rent paid less renters tax refund        
  Monthly Adjusted Cost of Renting Monthly Adjusted Benefit of Buying  
  Annual Cost of Renting instead of Buying 1st year Benefit times Years Owned  
  Copyright 2008 Chuck & Linda Heubach Used by Permission  
     
  * Notes on Taxes: Tax Laws are complex and these benefits are outlined in only general terms. Consult your tax  
  professional on all matters of taxation. Your State and Local Tax Law may offer additional benefits.  
  All Calculations are Estimates Only. Your Actual Results Will Vary.  
  Appreciation and principal reduction are balance sheet benefits. While these will not help your cash flow, they are      
  elements of building wealth. Compare Total Monthly Payment to Rent to estimate the cash flow difference.      
     

 

Linda & Chuck Heubach are highly experienced real estate agents serving the Twin Cities Metro Area, with primary specialty in Minneapolis and the Western Suburbs including Lake Minnetonka
TEAM HEUBACH
Chuck Heubach, CRS CRB GRI 952.239.1311

Let Our Experience Make Your Experience Better!

Calculators

Linda Heubach, CRS Epro  952.931.9008

460 Ford Road #303 St. Louis Park MN 55426!

Defining what a Saint Louis Park Luxury Condo should be!