Thinking of Leaving Navy Housing - How Much Home Can You Afford?

Kings Bay Home Buyer Calculator Making the decesion to stop paying rent or stop giving Uncle Sam all your BAH (while living in government quarters) is a pretty big step.  It can also be a very profitable step! There are three things you can do with your BAH: 1.) Give it to your landlord through a rent payment 2.) Give it to Uncle Sam through Navy Family Housing (or PPV project), or 3.) Make a house payment for youself!

There are some circumstances where option 1 and 2 will be best for you.  For example, if you are on short orders to Kings Bay and will be moving again in a year.  In this case, the odds are against being able to buy a home and then turn around in twelve to eighteen months and selling at (or above) a break-even point.

In the event that you are moving to (or currently living in) Kings Bay and you will be stationed here for three or more years, you should seriously consider buying.  The reason for this is because options 1 and 2 (housing or renting) both guarantee that your BAH will go out of your checking account never to return to your checking account!

Option number 3, buying a home and making a house payment is the only option that gives you opportunity to keep your Navy BAH.  For example, if you pay on a Kings Bay home for five years and then transfer you can sell your home.  Considering appreciation on the home and the fact that you have paid down your mortgage for five years you stand a great chance of having equity and getting profit from your home sale.

The bottom line is that your Landlord and Uncle Sam will keep all the BAH you give them.  When you buy a home you can potentially be putting your BAH in a medium to long term investment that you can cash-out when you transfer.

Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying. Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.