Rent vs. Buy Analyzer

This comparison will calculate the money saved over a specified period of time if you were to purchase a home rather than renting a property.

You're welcome to customize the calculation below to reflect your unique situation. Simply change any of the "inputs" and click on "Submit".


Buying

$ Purchase Price
$ Loan Amount
% Interest Rate
Loan Term in years
% Closing Costs in Pts.
$ Yearly Homeowner's Insurance
/Condo Dues
% Property Tax
% Income Tax (Fed/State)
% Appreciation
Years expected to Occupy

Renting:

$

Monthly Rent

$

Insurance Premium

$

Monthly Repairs

$

Carport Fees

$

Association Fees

$

Other Costs
Associated
with Renting

Cash Flow Avg
Economic Costs Avg
First Month Only

Criteria for the analysis includes purchaser's tax bracket, annual home appreciation, savings earning rate, etc. Default values have been added to show to type of input needed, or to reflect a general assumption of what is standard in most situations. If left to defaults, this analysis will only give an estimate.