Rent Vs. Own
Compare the estimated costs of buying vs. renting a home.
| Monthly Rent: | |
| Home Purchase Price: | |
| Down Payment: | |
| Mortgage Interest Rate: |
| Should you rent or own? | |
| Average monthly payment increase if owning: | |
| Estimated total gain over 7 years if owning: |
| Rent | Own | |
|---|---|---|
| Initial Rent Payment | ||
| Renter's Insurance | ||
| Mortgage Payment | ||
| PMI (Mortgage Insurance) | ||
| Property Taxes | ||
| Homeowner's Insurance | ||
| Before Tax Monthly Payment | ||
| Annual Home Maintenance | ||
| Total Payments Over 7 Years | ||
| Total Tax Savings Over 7 Years | ||
| Average After Tax Monthly Payment |
| Estimated Home Selling Price | |
| Loan Balance | |
| Estimated Cost to Sell | |
| Down Payment & Initial Closing Costs With Unearned Interest | |
| Investment Gain of Owning vs. Renting | |
| Total Payment Savings of Owning vs. Renting | |
| Total Payment Savings of Renting vs. Owning |
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.