Rent or Buy Analyzer

Determine which is more economical, renting or buying, based on your payments and accomodation information.

1.Monthly payment if you bought:	$	help
2. Down payment:	$	help
3. Annual property taxes:	$	help
4. Interest rate (view rates):	%>	help
5. Annual increase in home value:	CHOOSE 0% 1% 2% 3% 4% 5% 6%	help
6. Monthly rent:	$	help
7. Years of comparison:	CHOOSE 1 Year 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years	help

Compare Financial Advantage

Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.

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Help for: Monthly Shelter Costs

This is your "target" monthly payment of principal and interest. Assume, at this point that you qualify.

Minimum: $ 200
Maximum: $10,000

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Help for: Down payment

Enter the actual down payment you have available. Aassume that, if not applied to your home purchase, it could be invested to earn 4% (after tax).

Minimum: $ 2,000
Maximum: $1,000,000

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Help for: Annual Property Taxes

Estimated annual property taxes billed by municipality.

Minimum: $ 300
Maximum: $10,000

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Help for: Interest Rate

Enter the interest rate you would like to use for the comparison calculation. Enter the interest rate in a whole number format. For example: 4.56 NOT .0456

Click on the link (view rates) in the calculator to see all our current interest rates.

Minimum: 2.0
Maximum: 25.0

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Help for: Home Value Increase

The expected average annual increase in property values that you (conservatively) believe will apply to the home you would purchase.

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Help for: Monthly Rent
Plese average your expected rent payments. If you would not have to pay any rent (living with parents, etc) please do not change the default of zero.

Minimum: $ 0
Maximum: $ 5,000

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Help for: Years of Comparison
The length of time you would be prepared to wait before buying (if it made sense financially).

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