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Rent vs. Own Calculator

To estimate the benefits of owning a home as opposed to renting, fill in the form below and click the 'calculate' button.


Rent Information:
Monthly Rent	$
Expected Annual Rent Increase	%
Purchase Information:
Purchase Price	$
Down Payment %	%
Interest Rate	%
Term (years)	years
Closing Costs (as % of loan amount)	%
Home Ownership Information:
Annual Appreciation on Home (%)	%
How Long Before Selling?	years
Other Financial Information:
Annual Interest Rate Currently Earned on Down Payment	%
Income Tax Rate	%

Calculators

Monthly Payment
Calculates your payment for different loan amounts, interest rates, and amortization terms.

Payment Schedule
Calculates the breakdown of principal and interest payments in a yearly or monthly format.

Extra Payment
Calculates how much you can save over the term of your loan by increasing your monthly payment.

How Much Can I Afford
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter.

How Much Can I Borrow
Calculates how much you can borrow based on your income, debts and desired loan terms.

Rent vs Own
Estimates the benefits of owning a home as opposed to renting.