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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.


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Daily Rate Averages
30 Yr Fxd 5.07 %
15 Yr Fxd 4.72 %
7/1 ARM 6.34 %
3/1 ARM 6.00 %
5/1 ARM 5.66 %

Full Rate Averages

Update: 1/5/2009

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