This simple calculator allows you to compare the advantages and disadvantages of owning vs. renting a home.

 

Simply enter in a few figures below and see if it makes sense for you to own instead of rent.

Your Information
Current Rent: 
Purchase Price of Home: 
Down Payment: (ex. "10%") 
Interest Rate: (ex. "7%") 
Length of Loan (years): 
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