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  Rent vs. Own Calculator   Email      Print    
Have you ever wondered that you are paying a lot of money for the rent? You can use the money you are paying for rent as a monthly payment of your mortgage loan, with which you can have your own house. If you want to know more about how much you can save by purchasing a home vs. paying the same amount for rent. Using the current mortgages rates, this mortgage calculator provides you the statistics of an assumed 5 year period with 33% tax bracket.
Monthly Payment for Rent $
Monthly Rental Insurance $
Annual Inflation Rate  %
Cost Price of Home $
Initial Down Payment $
Loan Term  Years
Mortgage Loan Annual Interest Rate  %
Discount Points on Home Purchase  %
Origination Fees  %
Other Loan Costs $
Private Mortgage Insurance (PMI)  %
Homeowner's Insurance Rate  %
Monthly Association Dues $
Average Monthly Maintenance $
Annual Property Tax $
State + Federal Income Tax Rate  %
Expected Earning Interest Rate on Savings (or) Interest Rate you expect to Earn on Savings  %
Expected Home Appreciation Rate (Yearly)  %
Years of stay at this Home  
Commission Rate of Realtor  %
         

 The estimated cost of Renting $  
 The estimated cost of Buying $  

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