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Rent Vs. Own
Compare the estimated costs of buying vs. renting a home.
Monthly Rent: |
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Home Purchase Price: |
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Down Payment: |
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Mortgage Interest Rate: |
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Should you rent or own? |
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Average monthly payment increase if owning: |
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Estimated total gain over 7 years if owning: |
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Rent |
Own |
Initial Rent Payment
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Renter's Insurance |
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Mortgage Payment |
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PMI (Mortgage Insurance) |
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Property Taxes |
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Homeowner's Insurance |
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Before Tax Monthly Payment |
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Annual Home Maintenance |
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Total Payments Over 7 Years |
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Total Tax Savings Over 7 Years |
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Average After Tax Monthly Payment |
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Estimated Home Selling Price |
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Loan Balance |
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Estimated Cost to Sell |
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Down Payment & Initial Closing Costs With Unearned Interest |
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Investment Gain of Owning vs. Renting |
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Total Payment Savings of Owning vs. Renting |
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Total Payment Savings of Renting vs. Owning |
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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.