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15- & 30-Year Mortgages vs. Renting: A Cost Analysis

TAGS: HomebuyingRentingMortgage Costs
15- & 30-Year Mortgages vs. Renting: A Cost Analysis
Article Excerpt

What's the truth on 15-year vs. 30-year vs. 当涉及到投资回报时,租用场景? In this example, there's an obvious answer.

让我们来看看一个假设的购房者,他们整个成年期都住在同一个地方. We’ll name her Jennifer.

简单起见,假设Jennifer从25岁到75岁都住在那里. 在一段时间内,她以30年期抵押贷款购买了这处房产. In another, she gets a 15-year mortgage. 在第三个时间轴上,她在这里住了整整50年. 我们假设的英雄哪个版本做出了最好的财务选择?

让我们来看看这些数字,这样你就能形成一个有根据的观点.

interior house room

Photo by bedrck on Pixabay

What’s the total cost of a 15-year mortgage?

本例中的15年期抵押贷款(房屋价值约为362美元),000) will cost the homeowner a total of $612,000 by the end of its term. 任期结束后,房主仍需缴纳房产税.

2021年9月,25岁的詹妮弗以362250美元的价格买了一套房子. She makes a 3.5%的首付(联邦住房管理局贷款计划的最低要求),为期15年, $350,000 mortgage loan.

15年期抵押贷款利率较低. She locks in a fixed 2.37% rate on her mortgage. Using our handy mortgage calculator,我们就可以决定Jennifer在抵押贷款期间要付多少钱.

詹妮弗的月供可能在3400美元左右. 这包括本金、利息、税收和保险. This does not take the typical rising of property taxes into consideration. 但我们将公平地在以下部分对我们的30年期抵押贷款和租赁方案应用同样的规则.

» READ MORE: The Four Parts of a Monthly Mortgage Payment

Because of amortization, most of her early payments will consist of interest, 剩下的就会变成贷款的本金. 随着本金的下降,每个月的利息也会下降. 每次还款都是少利息多本金,直到2036年还清本金.

» READ MORE: What is Mortgage Amortization? How Does it Affect You?

在15年的时间里,詹妮弗将支付大约66232美元的利息. With the principal added, it’s $416,232. With principal, interest, taxes, 加上保险(抵押贷款的每一部分),她将支付612美元,000.

What’s the total cost of a 30-year mortgage?

本例中的30年期抵押贷款(房屋价值约为362美元),000) will cost the homebuyer a total of $883,080 by the end of its term. 任期结束后,房主仍需缴纳房产税.

让我们假设所有的事实都和之前一样——但是这次, 詹妮弗得到了一份30年期抵押贷款,固定利率是3.05 percent. 她可能希望在2051年9月还清每月2453美元的贷款.

到詹妮弗15年的抵押贷款到期时,她将支付184624美元的利息. Adding the principal, that’s $534,624. With principal, interest, taxes, 加上保险(抵押贷款的每一部分),她将支付883美元,080.

在同样的时间里租房要花多少钱?

租金的多少取决于更多的因素,我们无法将其包含在一个假设中, but we can make a few assumptions.

Landlords often set monthly rent at around 0.8 to 1.1 percent of the property’s value. 对詹妮弗来说,这意味着每月的房租在2900美元到4000美元之间.

For Rent sign

假设她的房东向这个范围的低端收费:每月3200美元. 詹妮弗每年将支付38400美元,从2021年到2071年总共需要支付192万美元.

这并没有考虑到这五十年的租金增长.

How do these costs compare?

你愿意支付近200万美元,住在一套被别人拥有50年的房子里吗, only to be unable to pass it to your heirs?

If her home’s value increased by 3.5% each year, which is the average for residential real estate, the original $362,5万美元的房子将在50年内价值超过200万美元. 即使这不是一处价值数百万美元的房产,詹妮弗也会买的 something to show for all the money she put into the home.

作为一个租房者,五十年后她一无所有.

Empty kitchen

Now let’s look at how the costs compare directly:

五十年以上总花费金额(续缴财产税2.5% included)

仅从抵押贷款利息中就有减税机会

Est. resale value after fifty years (3.5% value increase each year)

15-year mortgage

$918,250

$66,232.75

$2,000,000

30-year mortgage

$1,058,080

$184,624.85

$2,000,000

Renting

$1,920,000

$0.00

$0.00

» READ MORE: Homeowners: Do You Know About These Tax Write-Offs?

值得注意的是,很少有房主真的在抵押贷款的整个生命中都拥有一所房子. 30年期抵押贷款为那些希望在30年期完成之前卖掉房子的人提供了优势.

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