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Rent or Buy???

Compare whether renting or buying a home is a better option for you to choose. Given a current monthly rent, available purchasing price, percentage of downpayment, annual interest rate, repayment period, and duration of stay. This simple calculator provides the approximate saving over period of time. (* PMI, Private Mortgage Insurance, here only applicable to mortgages with a down payment less than 20%.)

Your Current Monthly Rent: [$]
Estimated Annual Rent Rate Increase: [%]
Price of Home You Could Afford: [$]
Interest Rate of Your Loan: [%]
Your Available Downpayment: [%]
Years to Repay Your Loan: [Years]
Years Before You Will Move? [Years]
Estimaed Annual Property Tax Rate: [%]
Estimated Annual Property Appreciation Rate: [%]
Local PMI Market Risk: [U.S Index]

   


The Calculators offered for your use are an indication of the results and all information you may receive can be based only on information that you supply.

No information is held in anyway by the site or your browser after the completion of your calculations. All calculations are processed completely by this page so no information leaves your sight at any time, It is available for your viewing only. For that reason these calculators are completely secure to use and enter any detail you want.

These calculators and the resulting calculations do not constitute a loan application, loan offer or loan approval.