Kennesaw, Canton and Acworth real estate and homes for sale in Georgia - The John and Linda Monroe Team, REALTORS® The John and Linda Monroe Team REALTORS(r) for Kennesaw, Canton and Acworth, Georgia real estate - NUMBER1EXPERTS™ The John and Linda Monroe Team NUMBER1EXPERTS(tm) for Kennesaw, Canton and Acworth, Georgia real estate
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The John and Linda Monroe Team, REALTOR®, real estate agents and broker for Kennesaw, Canton and Acworth Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Kennesaw, Canton and Acworth Georgia home buying, real estate listings, and homes for sale in Cobb and South Cherokee County, GA
Welcome > Resources > Mortgage Calculators > Should You Rent or Buy? ...


The Best Mortgage Calculators On the Web! 

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep... 

Should You Rent or Buy?

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click the "View Report" button for a detailed look at the results.

This Financial Calculator requires a Browser with Java Support


Definitions

Price of home
Purchase price of the home you wish to buy.

Cash on hand
Cash you have for the down payment and closing costs.

Interest rate
The current interest rate you can receive on your mortgage.

Term in years
The number of years over which you will repay this loan.

Property tax rate
Your property tax rate. 1% for a $100,000 home equals $1,000 per year in property taxes.

Home insurance rate
Your homeowner's insurance rate. 0.5% for a $100,000 home equals $500 per year for homeowner's insurance.

Loan origination rate
The percentage the lending institution charges for its origination fee. 1% for a $100,000 home equals $1,000.

Points paid
The total number of points paid to reduce the interest rate of your mortgage. Each point costs 1% of your mortgage balance.

Other closing costs
Estimate of all other closing costs for this loan. This should include filing fees, appraiser fees and any other miscellaneous fees paid.

Total closing costs
Total upfront costs to close your loan. This is the sum of the loan origination fee, amount paid for points and other closing costs.

Total for down payment
Total funds remaining for down payment.

Mortgage amount
Total amount of loan.

Investment return
The rate of return you could receive if you invested your closing costs and down payment instead of purchasing a home.

The actual rate of return is largely dependant on the type of investments you select. From January 1970 to December 2003, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.7% per year. During this period, the highest 12-month return was 64%, and the lowest was -39%. Savings accounts at a bank pay as little as 1% or less. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment.

Monthly rent payment
Amount you currently pay for rent per month.

Income tax rate
Your current marginal income tax rate.

Expected inflation rate
Inflation rate used to adjust amounts subject to annual increases. These amounts include rent, insurance and tax payments.

Home appreciates at
Annual appreciation you expect in the home you are purchasing.

Future sales commission
The percent of your home's selling price you expect to pay to a broker or real estate agent when you sell your home.

House payment
Total of principal, interest, taxes and insurance (PITI) paid per month for your home. Insurance includes Principal Mortgage Insurance (PMI) and homeowner's insurance.

Principal payment
Total of principal paid per month on your mortgage.

Tax savings
The value of the tax deduction you receive on your mortgage's interest and home's property taxes. For example, if you have $900 in interest and $100 property taxes per month, the value of the tax deduction would be $280. (At a tax rate of 28%).

Net house payment
Your house payment minus the value of the tax deduction and principal payment.

Net home price
Net selling price of your home after subtracting any sales commissions.

Monthly PI
Monthly principal and interest payment.

Monthly PMI
Monthly cost of Private Mortgage Insurance (PMI). For loans secured with less than 20% down, PMI is estimated at 0.5% of your loan balance each year.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




The John and Linda Monroe Team, REALTOR®, real estate agents and broker for Kennesaw, Canton and Acworth Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The John and Linda Monroe Team
Prudential Georgia Realty

2340 Towne Lake Parkway Suite 150
Woodstock, GA. 30189
Office: 770-425-1999
Fax: 770-704-7894
johnandlinda@NUMBER1EXPERT.com

John and Linda Monroe, the top-selling husband and wife real estate sales team, have been honored as one of the 100 top-producing agent teams in metro Atlanta by being named to the COMMUNITIES Magazine Top 100 list. Known as the Monroe Team, the pair is based out of Prudential Georgia Realty’s South Cherokee Office, best known for covering the areas of Kennesaw, Acworth, Woodstock, Townelake, Marietta, Canton, South Cherokee County, and Cobb County. The team regularly makes the top 10 list with Prudential Atlanta/Georgia Realty and ranks in the top 1 percent of 43,000 Prudential agents nationwide, a placement that awarded them the Chairman’s Circle Diamond Award in 2001. The Monroe’s were also honored as top 100 Prudential Agents internationally.

The Monroe’s approach their real estate business by taking a very proactive, sincere attitude with all of their clients, from their recommendations about what has to be done to beautify the home, to pricing, to comments from other agents. John and Linda Monroe know this from personal experience; the real estate business is more than just putting signs in yards, typing listing information into a computer, and printing flyers. They know that it takes successful real estate agents to make selling houses look easy. John and Linda know that part of their success is due to their emphasis on customer service. They not only meet, but also often exceed, their customers’ expectations. And just as important as their honesty and accessibility is their attention to fine-tuning their marketing approach. They continually focus on niche marketing and customer service as the backbone of their success. They never stop fine-tuning these elements in order to give their customers the best buying and selling experiences possible.

ABR Equal Housing MLS REALTOR


Prudential Georgia Realty real estate and homes for sale in Kennesaw, Canton and Acworth Georgia

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