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Purchase home or keep renting
Use this calculator to see if buying or renting is better
financially
for you.
.....Mortgage Information.....
New Home Price:
Down payment %:
%
Mortgage Interest Rate:
%
Length of Loan:
15 Years
30 Years
Closing Costs:
?
.....Annual Information.....
Annual home maintenance and insurance cost (as percent of home value):
?
%
Property Taxes (as % of home value):
%
Expected annual change in Home Value:
?
-3.0%
-2.0%
-1.0%
0.0%
+1.0%
+2.0%
+3.0%
+4.0%
+5.0%
+6.0%
+7.0%
+8.0%
+9.0%
+10.0%
Mortgage Interest Tax Deduction:
?
None
US Average($2462)
.....Selling Expenses.....
Fixup, Realtor and Other costs when you sell your house (as percentage of sale price):
?
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
.....Rental Information.....
Monthly Cost to Rent:
?
Expected annual increase in Rent:
0.0%
+1.0%
+2.0%
+3.0%
+4.0%
+5.0%
+6.0%
+7.0%
+8.0%
+9.0%
+10.0%