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Rent vs. Buy Calculator
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.

Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of 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 plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):
Total estimated cost of renting:
Total estimated cost of buying:



Mortgage Calculators
  1. Mortgage Payment
  2. Mortgage Tax Benefits
  3. Mortgage Qualification
  4. Mortgage Term Comparison
  5. Rent vs. Buy
  6. Mortgage Pay Off
  7. Mortgage Refinance
  8. Bi-weekly vs. Monthly Mortgage Payments
  9. Credit Line
  10. Debt to Income Ratio
Auto Calculators
  1. Auto Cost Comparison
  2. Auto Affordability
  3. Auto Loan vs. Home Equity
  4. Auto Loan Rate Comparison
Savings Calculators
  1. Millionaire Time
  2. Certificate of Deposit
Personal Finance
  1. Net Worth Calculator
  2. Life Insurance Needs
Retirement Calculators
  1. Traditional IRA vs. Roth IRA
  2. Retirement Savings
Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


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