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Home >> Rent Vs. Buy Calculator
Rent Vs. Buy Calculator
 

This calculator will compare the cost of renting vs. the cost of buying a home. This calculator will compare the tax, fees, and interest you will pay when buying a home to the monthly rent you pay when renting. It does not include payments made against the principal on your loan, since those payments become equity in your home.

 
 

Monthly Rent:                    

 $

Home cost:                         

$

Points and Fees:               

$

Association Dues:             

$

Additional Monthly Fees:

  

Property Tax:                    

   %

Income Tax:                       

   %

Interest Rate:                     

   %
   
 
Rent
Monthly Rent: $1200
 
Buy
Property Tax: $150
Interest After Tax Deduction: $711
Association Dues: $150
Other Costs : $100
Total : $1111
 
For these inputs, you will save $89 each month.

Disclaimer

This calculator is designed as a guide only and does not constitute an offer. It is based on the information provided and actual figures may vary.

 
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