Rent vs. Buy Calculator

This calculator can help you to compare the costs of renting to the costs of buying a home. Because there are other factors to consider, (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.) it is complicated to compare the cost of renting to the cost of buying. This calculator attempts to take all of these factors into consideration in order for you to make an informed decision.

Help Buttons: For further explanation of any of the entry fields, click on the question mark to the left.

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? Monthly Rent: $

? Monthly Rental Insurance: $

? Expected Annual Inflation Rate (%):

? Purchase Price of Home: $

? Down Payment Amount: $

? Length of Mortgage Term (Years):

? Mortgage's Annual Interest Rate (%):

? Discount Points on Purchase of Home (%):

? Origination Fees (%):

? Other Loan Costs: $

? Mortgage Insurance (PMI %):

? Homeowner's Insurance Rate (%):

? Monthly Association Dues: $

? Average Monthly Maintenance: $

? Annual Property Tax: $

? State & Federal Income Tax Rate (%):

? Interest Rate You Expect to Earn on Savings (%):

? Expected Home Appreciation Each Year (%):

? Number of Years you will Stay at this Property:

? Real Estate Agent Commission Rate (%):

Calculate Payment

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Results

Total Estimated Cost of Renting: $

Total Estimated Cost of Buying: $

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Please allow up to 2 minutes for the report to process.