Rent vs. Buy
Still renting an apartment and thinking about a home purchase? This calculator can help you make the final decision.
Loan Information
Financial Analysis
Rent
Buy
Taxes and Insurance :
$0.00
$22,500.00
Total PMI :
$0.00
$2,708.33
Total Maintenance :
$0.00
$4,500.00
Total Payments :
$51,996.70
$101,320.63
Average Monthly Payment :
$866.61
$1,688.68
Monthly Rent Savings :
$822.07
Tax Savings :
$0.00
$4,550.00
Total Rent Savings :
$44,773.93
House Appreciation Value :
$382,884.47
Proceeds Minus Costs :
$356,082.56
Loan Balance :
$226,118.78
Equity Appreciation :
$129,963.77
Home Purchase Benefits :
$85,189.84
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor.