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Loan Calculator - Buy VS Rent

For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications.

Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.

Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area.

Loan Calculator - Buy VS Rent
	Rental Information
		Monthly Rent
		Renter's Insurance
		Annual Rent Increase(%)
	Property Information
		Property Value
		Monthly Taxes
		Monthly Insurance
	Estimate Taxes and Insurance
		Monthly Maintenance
		Home Value Appreciation (%)
	Loan Information
		Zip Code
		Loan Amount
		Interest Rate
		Term in Years
		Loan Points
		Loan Costs
		Years Before Sale
		Selling Costs (%)
		Savings Rate (%)
		Tax Rate (%)
	Single Joint	Filing Status

Inquire Now!

Fill out a quick and easy one step form and you will be contacted by up to 4 mortgage lenders regarding your loan.

*Analyze the total cost to rent versus the total cost to own.

These calculations are only estimates and can only be used to evaluate the possible results of consolidating certain debts into an equity loan. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. Please consult your tax advisor for information on the deductibility if interest for tax purposes.

home>calculators>buy rent

Daily Rate Averages
30 Yr Fxd	4.97 %
15 Yr Fxd	4.63 %
7/1 ARM	6.25 %
3/1 ARM	6.00 %
5/1 ARM	6.13 %
Full Rate Averages Update: 1/8/2009
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