Buy House Or Rent 1.3
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Paid Version
Publisher Description
Are you trying to decide whether to BUY a house in order to take advantage of tax deductions and equity accumulation? Then this app helps you decide whether buying a house is more (or less) economical than renting.
The app calculates an estimate of the money, when you buy a house, that does not come back to you AFTER taking into consideration tax deductions and equity accumulation. Therefore, if the monthly renting cost is lower than this estimate then it is more economical to rent. However, if the monthly rent is higher than this estimate, then it is more economical to buy the house. Since this app makes calculations based on USA tax rules, it is designed for the USA market.
Depending on the number of years, you plan to stay in the house, the app shows you the estimated money that is expensed or not returned. This estimate will change yearly and decrease the longer you stay in the house. In other words, the longer you stay in the house, it is likely to be more economical than renting. The following information is needed to make the calculations. The more accurate this information is, the more accurate are the estimates.
- your tax bracket
- property taxes for the house that you are planning to purchase
- home insurance for the house
- repair costs for the house
- association fees for the house
- Fixed rate mortgage information (if you are using this type of mortgage to purchase the house)
- Adjustable rate mortgage information (if you are using this type of mortgage to purchase the house)
- House Price
The estimates can be evaluated for many houses so you can compare and contrast. For each different house, input information such as house price, mortgage data and others can be changed to view different scenarios.
For definitions on what the various terms mean, double-tap on the label.
Aug 11, 2020
Version 1.3
- updated for iOS 12
About Buy House Or Rent
Buy House Or Rent is a paid app for iOS published in the Accounting & Finance list of apps, part of Business.
The company that develops Buy House Or Rent is USRcube LLC. The latest version released by its developer is 1.3.
To install Buy House Or Rent on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2020-08-11 and was downloaded 0 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Buy House Or Rent as malware if the download link is broken.
How to install Buy House Or Rent on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Buy House Or Rent is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Buy House Or Rent is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
