Estimate the size of a mortgage you could afford based on the size of your monthly rent payment.
Compare the costs of renting a residence and
buying a home.
Help determine the
net investment value of the purchase by calculating the gain or loss
achieved by purchasing a property instead of renting
it.
Note:
Net investment
value is given as the sum of the rental value of a
property plus its appreciation minus the cost of
purchasing the property plus the annualized cost of
selling it.
This is simply a "quick and
dirty" way of looking at the rent vs. buy
decision.
Enter estimated Rent, Home Purchase,
and Financial Information.
This calculator analyzes
the total cost to rent versus the total cost to own.
To estimate taxes, insurance, and maintenance, select
appropriate box. Not all calculated values are
displayed.
Home appreciation and rent increase values
vary by area.
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.
