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  • A Student's Dillema-Rent or Buy: Utilities

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    Niharika Jain
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    The document discusses the financial factors a student should consider when deciding whether to rent or buy a home. It outlines key inputs like utility costs, heating usage, and who pays utilities. It also lists the necessary calculations like mortgage interest rates, downpayment amounts, annual rent costs with and without utilities, as well as cash flow statements factoring in interest, taxes, insurance, and maintenance costs when purchasing a home. An overall summary of the results is provided to help students evaluate the costs and financial implications of renting versus buying.

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    Original Title

    A Studnet's Dillema

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    The document discusses the financial factors a student should consider when deciding whether to rent or buy a home. It outlines key inputs like utility costs, heating usage, and who pays utilities. It also lists the necessary calculations like mortgage interest rates, downpayment amounts, annual rent costs with and without utilities, as well as cash flow statements factoring in interest, taxes, insurance, and maintenance costs when purchasing a home. An overall summary of the results is provided to help students evaluate the costs and financial implications of renting versus buying.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    12 views1 page

    A Student's Dillema-Rent or Buy: Utilities

    Uploaded by

    Niharika Jain
    The document discusses the financial factors a student should consider when deciding whether to rent or buy a home. It outlines key inputs like utility costs, heating usage, and who pays utilities. It also lists the necessary calculations like mortgage interest rates, downpayment amounts, annual rent costs with and without utilities, as well as cash flow statements factoring in interest, taxes, insurance, and maintenance costs when purchasing a home. An overall summary of the results is provided to help students evaluate the costs and financial implications of renting versus buying.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    A Student's Dillema- Rent or Buy

    Constants
    Utilities
    Hydro
    Gas
    Water Heater
    Internet & Cable

    Inputs
    Heater Usage Month (Winter- W, Summer-S)
    Utilities paid by (Landlord-L, Own-O)

    Summary of Key Results

    Calculations
    Cost Of House (Downpayment)
    House Rent (Utilities)
    House Rent (No Utilities)
    Interest Rate for House Mortgage

    Income and Cash Flow Statement (Rent)


    Beginning-of-year Cash on Hand
    Interest earned on Capital

    Income and Cash Flow Statement (Purchase House)


    Beginning-of-year Cash on Hand
    Annual Property Tax
    Insurance
    Additional Maintenance Cost

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