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"Rent vs. Buy Calculator"

This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), 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. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

 

Monthly rent:

 

$

 

Monthly rental insurance: $
Expected annual inflation rate:  %  
Purchase price of home: $
Down payment amount: $
Length of mortgage term (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:  %  
 

 

Total estimated cost of renting: $
Total estimated cost of buying: $
 

 

 



Lendersquare Viewer:

We specialize in getting home buyers the mortgage that they deserve. LenderSquare lenders will give you all the help you need along the way, regardless of credit problems. LenderSquare lenders' relationships with wholesale lenders gives you access to hundreds of loan products, making it easy to find a loan program that fits your special financial needs and goals.

Don't wait take a few minutes out of your day to apply, there is no obligation to find out what your rates would be or what size home loan you may qualify for, its fast and easy, so apply today.

Filling out an application in no way obligates you and is completely free to apply, fast and secure. Apply Today!







Other Related First Time Buyer Articles and Information
Finding a Real Estate Agent
Check Home Listings and Prices Online
Rent vs Buy Calculator
Home Insurance Tips
Moving Tips


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