House vs House

Tool Description

This tool allows you to compare two home-buying options. It takes into account costs related to each house, such as price, down payment, interest rates, notary fees, other charges, taxes, maintenance, insurance, and the annual increase in house price to determine which option is more advantageous in the long term.

Concrete Example :

Imagine you are hesitating between two houses: The first costs €250,000 with a down payment of €50,000 and notary fees of €7,500. The second costs €300,000 with a down payment of €60,000 and notary fees of €9,000. The first house has an interest rate of 1.5% over 20 years, and the second has an interest rate of 2% over 25 years. This tool helps you compare the total costs, including charges, taxes, maintenance, insurance, and the annual price increase of the houses.