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Finance Center 

Buying vs. Renting

Use the calculator below to compare the advantages and considerations of
owning vs. renting a home.

Current Information:
Current Rent:
Purchase Price of Home:
Percentage of Down Payment:
Length of Loan Term (years):
Interest Rate:
Years You Plan to Stay in This Home:
Yearly Property Tax Rate:
Yearly Home Value Increase Rate:
    
Results: Rent Buy
Price of Home After Appreciation:  
Remaining Balance After Years:  
Equity Earned:  
Tax Savings (at 28%):  
Avg. Monthly Payment Over Time:
Total Payment:
Total Savings On:

Note: The calculator above uses these items in its calculations: private mortgage insurance, homeowner's insurance cost, loan closing cost, cost of selling a home, property tax, homeowner's tax saving, and rent increases. Calculator results are estimates only.






     Buying vs. Renting
     Mortgage Amortization
     Three Payment
     Mortgage Refinancing

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