Rent vs. Own Calculator - Find Out Which Option is Best for You

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	$

Calculate the Total Costs of Renting vs. Owning