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US mortgage PITI, rent vs buy comparisons, rental yield, and home affordability.
Compare the long-term financial wealth built from buying a house vs renting and investing the difference in mutual funds.
Calculate gross and net rental yield percentages on residential and commercial real estate properties.
Calculate HMRC Stamp Duty Land Tax (SDLT) for England & Northern Ireland with first-time buyer relief and second home surcharge.
Residential rental yields in major Indian cities (Bengaluru, Mumbai, Delhi-NCR, Hyderabad) typically range between 2.5% and 3.8% of capital value, whereas commercial properties yield 7% to 9%.
Given high initial acquisition costs (6-8% stamp duty and registration) and mortgage interest, buying a home typically requires retaining the property for at least 8 to 12 years to financially outperform renting and investing in diversified equity index funds.
Under the Old Regime, borrowers can claim up to ₹2,00,000 deduction on home loan interest under Section 24(b) and up to ₹1,50,000 on principal repayment under Section 80C.
Under the Finance Act 2024, long-term capital gains on real estate properties sold after July 23, 2024 are taxed at a flat 12.5% without indexation (or taxpayers can opt for 20% with indexation for properties acquired before this date).