Rent or Buy Mortgage Calculator

This calculator will assist you in determining if renting or buying a home is a better option for you.

Purchase Price:	$
Interest Rate:	%
* Down Payment:	%
House Appreciation:	%
Term:	5 years 10 years 15 years 20 years 25 years 30 years 35 years 40 years 45 years 50 years
How long will you live there?	years
Monthly Rent:	$
Rent rate increase:	%

* The percentage down payment affects whether or not you will have to pay Private Mortgage Insurance (PMI). Normally, if you pay 20% down, or more, you will not have to pay PMI.

These calculations are estimates only. There is no warranty as to the accuracy of these results or the relationship to your particular financial situation. You should always consider consulting an independent financial advisor when purchasing property.

 RSS Subscribe

Enter email address:

---