Rent Vs Buy Calculator – Financial Calculators

20 Sep

Rent vs. Buy

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.

Required Information

Monthly Rent $

Monthly Rental Insurance $

Expected Annual Inflation Rate %

Purchase Price of Home $

Down Payment Amount $

Length of Mortgage Term yrs

Annual Interest Rate of Mortgage %

Discount Points %

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 on Savings %

Home Appreciation Rate %

Number of Years Expected at Property yrs

Realtor Commission Rate %

Rent vs Buy Calculator supplied by ezLoanApply.com

via Rent Vs Buy Calculator – Financial Calculators.

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