Renting vs. Owning
Current Rent:
Purchase Price of Home:
Percentage of Down Payment:
Length of Loan Term (years):
Interest Rate:
Years You Plan to Stay in This Home:
Yearly Property Tax Rate:
Yearly Home Value Increase Rate:
Results
Rent
Own
Price of Home After Appreciation:
na
Remaining Balance After
Years:
na
Equity Earned:
na
Tax Savings (at 28%):
na
Avg. Monthly Payment Over Time:
Total Payment:
Total Savings On:
Note: The calculator above uses these items in its calculations: private mortgage insurance, homeowner's insurance cost, loan closing cost, cost of selling a home, property tax, homeowner's tax saving, and rent increases. Calculator results are estimates only.