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Rent Versus Own Calculator
Just how much does it cost to rent instead of own? Use this calculator to help you determine the savings of owning a home.
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Loan Information
Purchase Price:
Appraised Value:
Loan Amount:
Interest Rate:
(percentage)
Loan Term:
(years)
30
25
20
15
10
Property Tax:
(per year)
Homeowners Insurance:
(per year)
Discount Points:
(percentage)
Origination Fee:
(percentage)
Other Closing Costs:
Federal Tax Rate:
15%
28%
31%
36%
39.6%
Cost of Maintenance:
(per year)
Home Appreciation Rate:
(% per year)
Earnings rate on savings:
(percentage)
Years To Compare:
Rental Information
Monthly Rent:
Renter's Insurance:
(per year)
Annual Rental Increase:
(% per year)
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Rate and accuracy of this calculator and its applicability to your circumstances are not guaranteed. You should obtain personal advice from one of our mortgage consultants.
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