Arbor Financial Group Marketing Engines, Inc.

Rent VS Buy Mortgage Calculator

Rent VS Buy Mortgage Calculator

Compare the costs of renting to the costs of buying a property.

Comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. You also has to look at interest rate, property taxes, tax savings, appreciation, and the various costs such as closing costs, selling costs, etc. Use this calculator to figure out whether you should rent or puchase a home.

Entry Descriptions Entry Fields Explaination
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):
Result Descriptions Result Fields
Total estimated cost of renting:
Total estimated cost of buying:
Calculators are provided as loan scenario comparison tools, independent of actual mortgage loan terms. Such information contained herein is made available to you as a self-help tool for illustrative use only. Examples are hypothetical. Although Arbor Financial Group believes the calculations to be accurate, the results are not warranted. We cannot and do not guarantee the applicability or accuracy in regards to your individual circumstances. Contact one of our qualified agents for a professional personalized advice.