Strict Standards: Non-static method Calc::BuildAmortizationTable() should not be called statically in /home/content/31/10610131/html/calculators/calc19.php on line 186

Strict Standards: Non-static method Calc::PeriodPayment() should not be called statically in /home/content/31/10610131/html/calculators/functions.php on line 148

Strict Standards: Non-static method Calc::PeriodPayment() should not be called statically in /home/content/31/10610131/html/calculators/calc19.php on line 195

Mortgage Calculators

Rent vs. Buy

Input Information
Rent Info
Monthly Rent : ($)
Annual Rent Increase : (%)
Property Information
Home Value : ($)
Annual Maintenance : ($)
Annual Appreciation : (%)
Years Before Sell : (Yrs)
Selling Cost : (%)
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
PDF options are customizable. You may leave either "Let me print..." or "Send calculation results..." option on the screen.
 Let Me Print That Form in PDF!

Send to Email Address :
Name :
Phone # :

Financial Analysis (Switch to Plain English)
  Rent Buy
Total Maintenance : $0.00 $4,500.00
Total Payments : $51,996.70 $85,023.24
Average Monthly Payment : $866.61 $1,417.05
Monthly Rent Savings : $550.44
Total Rent Savings : $33,026.55
House Appreciation Value : $382,884.47
Proceeds Minus Costs : $356,082.56
Loan Balance : $229,571.83
Equity Appreciation : $126,510.73
Home Purchase Benefits : $93,484.18
Plain English Help (Switch to Financial Analysis)

Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/content/31/10610131/html/calculators/libs/Smarty_Compiler.class.php on line 256

Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home.

If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent. If you purchased a home and borrowed $250,000.00 with a 5.000% interest rate, and you paid $900.00 every year toward its maintenance, you would pay $85,023.24 in a 5 year period toward mortgage payments.


Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/content/31/10610131/html/calculators/libs/Smarty_Compiler.class.php on line 256

When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home. If your home shows an annual appreciation of 5.000% and your selling cost is 7.000%, your house appreciation value will be $382,884.47. As a result, your total home purchase benefit will amount to $93,484.18.