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Own House or Rental - Decision
Own House or Rental - Decision
Total loan amount 3600000 3300000 3000000 Interest Rate (R) 0.007916666667 9.5 % 0.007083333333 8.5 %
Rent per Month 10000 12000 15000 EMI per month 31453 26211 26210 No.of tenure (Month) 300 25 Years 300 25 Years
Rent Per Year 120000 144000 180000 EMI per year 377437 314531 314520 EMI 26210.89983 24156.8125
10 Years 1200000 1440000 1800000 10 years 3774370 3145308 3145200
25 Years 3000000 3600000 4500000 25 years 9435924 7863270 7863000
Interest Paid 5835924 4563270 4863000
Principle (P) 2000000 2000000
Interest Rate (R) 0.007916666667 9.5 % 0.007083333333 8.5 %
Savings thru Rental Life Own House Appreciation No.of tenure (Month) 300 25 Years 300 25 Years
EMI 17473.93322 16104.54167
25 years rent 3000000 3600000 4500000 Land Area 450 450
25 years emi 9435924 9435924 9435924 Price per Sq.ft 3000 3000
Saving by rent 6435924 5835924 4935924 Total Price 1350000 1350000
Appreciation/year 300 200 Principle (P) 3600000 3600000
Appreciation 10 years 3000 2000 Interest Rate (R) 0.007916666667 9.5 % 0.007916666667 9.5 %
Land Price in 10 years 2700000 2250000 No.of tenure (Month) 300 25 Years 300 25 Years
Appreciation 25 years 7500 5000 EMI 31453.07979 31453.07979
Land Price in 25 years 4725000 3600000