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Rent vs Owning Calculator

This page will provide you with the answer to the question most people have when they are renting.
Is it worth if for me to look at buying a property because it seems my payments will be going up?
This calculation below will give you a more precise comparsion between renting versus owning. You
should consult with your accountant to get some of these numbers. We provided some fields with a
generic field response but that does not mean you would use the same number in your circumstance.

Use this to do different scenarios and see how it adjusts. Have fun and as always, contact us if you
have any questions.

Monthly rent:   $
Monthly rental insurance: $
Expected annual inflation rate:  %  
Purchase price of home: $
Down payment amount: $
Length of mortgage term (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: $