Rent vs. buy

Still renting apartments and thinking about home purchase? This calculator can help you to make the final decision.

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Input Information
Rent Info
Monthly Rent : ($)
Annual Rent Increase : (%)
Property Information
Home Value : ($)
Annual Maintanance : ($)
Annual Appreciation : (%)
Years Before Sell : (Yrs)
Selling Cost : (%)
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
Points : (%)
Taxes And Insurance Information
Your Tax Rate : (%)
Annual Taxes :
Annual Insurance :
Annual PMI :
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Show Schedule Table
Financial Analysis
  Rent Buy
Taxes and Insurance : $0.00 $22,500.00
Total PMI : $0.00 $3,125.00
Total Maintanance : $0.00 $4,500.00
Total Payments : $51,996.70 $108,372.10
Average Monthly Payment : $866.61 $1,806.20
Monthly Rent Savings : $939.59
Tax Savings : $0.00 $4,550.00
Total Rent Savings : $51,825.40
House Appreciation Value : $382,884.47
Proceeds Minus Cost : $356,082.56
Loan Balance : $228,745.59
Equity Appreciation : $127,336.96
Home Purchase Benefits : $75,511.56

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