| Calculators : Rent-vs-Buy |
| The
Rent-vs-Buy Calculator
compares the costs of owning a house to the cost of renting. You can use this
personal finance calculator to determine how much money you may be losing by
continuing to rent. Factors affecting your decision include interest, property
taxes, tax savings, appreciation, opportunity costs, closing costs, and selling
costs.
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 (don't enter dollar / percentage signs or other non-numeric characters, as they will
cause a JavaScript 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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Home Purchase Price: |
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Down Payment: |
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Mortgage Term (Years): |
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Mortgage Annual Interest Rate: |
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Home Purchase Discount Points: |
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Origination Fees: |
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Other Loan Costs: |
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Mortgage Insurance (PMI): |
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Homeowners Insurance Rate: |
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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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Total Income Tax Rate: |
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Expected Savings Interest Rate: |
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Expected Home Appreciation Rate: |
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Expected Years Occupation: |
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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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