BadCreditMtg.com

Mortgage for people with Bad Credit

Rent vs Own Cost Comparison Calculation

Just how much does it cost to rent instead of own? Use this calculator to help you determine the savings of owning a home.
 
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):
   
Your answer will appear in the boxes below. Click in the boxes if you do not see your answer shortly after computing.
Total estimated cost of renting:
Total estimated cost of buying:

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