 |
Rent
Vs. Buy Calculator |
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|
| This
calculator will help you to compare the costs of renting
to the costs of buying a home. Since there are all
kinds of forces at work behind the scenes (interest,
property taxes, tax savings, appreciation, opportunity
costs, closing costs, selling costs, etc.), comparing
the cost of renting to the cost of buying is a lot
more complicated than just comparing the monthly mortgage
payment to the monthly rent payment. This calculator
attempts to forecast the net effects of all the hidden
forces so you can make an informed decision.
Help
Buttons:
For pop-up explanations of any of the entry fields,
click the radio button next to the description.
NOTE:
Be sure
to enter "0" (zero) in any entry boxes that don't
apply to you. Also be sure that only numbers and
decimal points are entered into the fields (dollar
signs and other non-numeric characters will cause
an error).
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Monthly rent: |
$ |
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Monthly rental insurance: |
$ |
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Expected annual inflation rate: |
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% |
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Purchase price of home: |
$ |
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Down payment amount: |
$ |
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Length of mortgage term (years): |
# |
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Mortgage's annual interest rate: |
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% |
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Discount points on purchase of home: |
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% |
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Origination fees: |
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% |
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Other loan costs: |
$ |
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Mortgage Insurance (PMI): |
|
% |
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Homeowner's insurance rate: |
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% |
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Monthly association dues: |
$ |
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Average monthly maintenance: |
$ |
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Annual property tax: |
$ |
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State plus Federal income tax
rate: |
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% |
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Interest rate you expect to
earn on savings: |
|
% |
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Expected percentage your home
will appreciate by each year: |
|
% |
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Number of years you will stay
at this property: |
# |
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Realtor commission rate: |
|
% |
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| Total
estimated cost of renting: |
$ |
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| Total
estimated cost of buying: |
$ |
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312.321.0300 > 
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