Renting vs. Buying

  Should you rent or buy? This calculator compares making rent and mortgage payments.

Enter the Following:

Information on Your Current Rent:
Monthly Rent Payment:
Annual Increase Rate:  %
Cash on Hand:
Investment Yield Rate:  %
Income Tax Rate:  %

Information on Your Proposed Mortgage:
Home Price:
Total Closing Costs:
Interest Rate:  %
Term, Months:
Home Appreciation Rate:  %
 
Number of Years for Comparison:

The Following Items are Calculated:

If You Continue to Rent:
Total of Rent Payments
Total Investment Income:
Net Investment Income:
Net Cost:
Home Equity:

If You Purchase a Home:
Monthly Payment:
Total Mortgage Payments:
Mortgage Interest:
Appreciation In Home Value:
Home Equity: