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Rent Vs Buy Calculator
Rent Vs Buy Calculator
Rent
Mortgage Information
Current Monthly Rent
$
Mortgage Amount
$
Antipicated annual
increase in rent (%)
Interest Rate (%)
Annual renter's
insurance
$
Term
--Select--
15
30
Home Ownership Information
Home Price
$
Loan Closing Costs
Annual Property Tax
$
Points(%)
Annual HOA Dues +
Maintenance
$
Marginal Tax Rate
Annual Home Owners' insurance
$
Rate of investment(%)
No. of years you plan to
live in your new home
Monthly PMI
Rate of Appreciation (%)
Rent Vs Buy
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Rent Vs Buy
This rent vs. buy calculator performs calculations for 15,30 year fixed rate mortgage only.
The rent vs. buy analysis is conducted over the duration of stay.
The difference between the rent and buy cash flows are assumed to be invested at the after tax rate of investment inputed by the user.
Assumes that PMI is discontinued after the LTV (loan to value balance) reaches 80% or lower.
Assumes broker fees on sale of house are 6% of the house price.
Home & Mortgage Calculators
Fixed Rate Mortgage Calculator
Interest Only Mortgage Calculator
Rent Vs Buy Calculator
Affordability Calculator
Amortization Table and Payment Mortgage Calculator
Articles
How to Reduce Your Monthly Mortgage Loan Payments
Money Saving and other Tips
Fixed Rate Mortgages
Choosing the Right Mortgage Rate Plan
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