Use the Rent Vs. Buy Calculator to determine your Total Cost of renting vs. the total cost of buying your own home. Enter all fields into the Rent Vs. Buy table and press calculate, your results will be displayed below in the Results Table.
Current Rent:
Purchase Price of Home:
Down Payment: (ex. "10%")
Interest Rate: (ex. "7%")
Length of Loan:
Years you plan to stay in home?
Annual Property Tax Rate: (ex. "1%")
Annual Home Appreciation: (ex. "2%")
Results
Rent
Own
Total of Interest Payments:
Total Property Taxes Paid:
Total Tax Savings:
Total of Monthly Payments:
Average Monthly Payment:
Appreciation of Home:
Savings: (down @ 10%)
Total Cost
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