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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 |
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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.
