Rent vs. Buy

Input Information

Rent Info
Monthly Rent :	($)
Annual Rent Increase :	(%)
Property Information
Home Value :	($)
Annual Maintenance :	($)
Annual Appreciation :	(%)
Years Before Sell :	(Yrs)
Selling Cost :	(%)
Loan Information
Amount :	($)
Interest Rate :	(%)
Length :	(Yrs)
Points :	(%)
Taxes And Insurance Information
Your Tax Rate :	(%)
Annual Taxes :	($) (%)
Annual Insurance :	($) (%)
Annual PMI :	($) (%)
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Thanks for using our calculation tools. Your results appear below. Click the heading in the next section to switch between plain English and financial views. Do you have questions or feedback? Contact us.

Financial Analysis (Switch to Plain English)

	Rent	Buy (Am. Table)
Taxes and Insurance :	$0.00	$22,500.00
Total PMI :	$0.00	$3,229.17
Total Maintenance :	$0.00	$4,500.00
Total Payments :	$51,996.70	$111,671.63
Average Monthly Payment :	$866.61	$1,861.19
Monthly Rent Savings :	$994.58
Tax Savings :	$0.00	$4,550.00
Total Rent Savings :	$55,124.94
House Appreciation Value :	$382,884.47
Proceeds Minus Costs :	$356,082.56
Loan Balance :	$229,895.49
Equity Appreciation :	$126,187.06
Home Purchase Benefits :	$71,062.13

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Payment Schedule

No	Interests	Principal	PMI	Balance
1	1,062.50	294.87	104.17	249,705.13
2	1,061.25	296.13	104.17	249,409.00
3	1,059.99	297.39	104.17	249,111.61
4	1,058.72	298.65	104.17	248,812.96
5	1,057.46	299.92	104.17	248,513.04
6	1,056.18	301.19	104.17	248,211.85
7	1,054.90	302.47	104.17	247,909.37
8	1,053.61	303.76	104.17	247,605.61
9	1,052.32	305.05	104.17	247,300.56
10	1,051.03	306.35	104.17	246,994.22
11	1,049.73	307.65	104.17	246,686.57
12	1,048.42	308.96	104.17	246,377.61
1 Yr	--- 12,666.10	--- 3,622.39	--- 1,250.00
13	1,047.10	310.27	104.17	246,067.34
14	1,045.79	311.59	104.17	245,755.75
15	1,044.46	312.91	104.17	245,442.84
16	1,043.13	314.24	104.17	245,128.60
17	1,041.80	315.58	104.17	244,813.02
18	1,040.46	316.92	104.17	244,496.10
19	1,039.11	318.27	104.17	244,177.84
20	1,037.76	319.62	104.17	243,858.22
21	1,036.40	320.98	104.17	243,537.24
22	1,035.03	322.34	104.17	243,214.90
23	1,033.66	323.71	104.17	242,891.19
24	1,032.29	325.09	104.17	242,566.10
2 Yr	--- 12,476.98	--- 3,811.51	--- 1,250.00
25	1,030.91	326.47	104.17	242,239.63
26	1,029.52	327.86	104.17	241,911.78
27	1,028.13	329.25	104.17	241,582.53
28	1,026.73	330.65	104.17	241,251.88
29	1,025.32	332.05	104.17	240,919.82
30	1,023.91	333.47	104.17	240,586.36
31	1,022.49	334.88	104.17	240,251.48
32	1,021.07	336.31	0.00	239,915.17
33	1,019.64	337.73	0.00	239,577.44
34	1,018.20	339.17	0.00	239,238.27
35	1,016.76	340.61	0.00	238,897.65
36	1,015.32	342.06	0.00	238,555.59
3 Yr	--- 12,277.99	--- 4,010.51	--- 729.17
37	1,013.86	343.51	0.00	238,212.08
38	1,012.40	344.97	0.00	237,867.11
39	1,010.94	346.44	0.00	237,520.67
40	1,009.46	347.91	0.00	237,172.76
41	1,007.98	349.39	0.00	236,823.37
42	1,006.50	350.88	0.00	236,472.49
43	1,005.01	352.37	0.00	236,120.13
44	1,003.51	353.86	0.00	235,766.26
45	1,002.01	355.37	0.00	235,410.89
46	1,000.50	356.88	0.00	235,054.02
47	998.98	358.39	0.00	234,695.62
48	997.46	359.92	0.00	234,335.70
4 Yr	--- 12,068.60	--- 4,219.89	--- 0.00
49	995.93	361.45	0.00	233,974.26
50	994.39	362.98	0.00	233,611.27
51	992.85	364.53	0.00	233,246.75
52	991.30	366.08	0.00	232,880.67
53	989.74	367.63	0.00	232,513.04
54	988.18	369.19	0.00	232,143.84
55	986.61	370.76	0.00	231,773.08
56	985.04	372.34	0.00	231,400.74
57	983.45	373.92	0.00	231,026.82
58	981.86	375.51	0.00	230,651.31
59	980.27	377.11	0.00	230,274.20
60	978.67	378.71	0.00	229,895.49
5 Yr	--- 11,848.28	--- 4,440.21	--- 0.00
	Interests	Principal	PMI
Total	61,337.96	20,104.51	3,229.17	229,895.49

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.