The Real Estate Helpline



Rent vs. Buy a Home

Renting a Home:
Monthly Rent ($ / Month)
Renter's Insurance ($ / Month)
Expected Annual Rent Increase (%)

Buying a Home:
Purchase Price of Home ($)
Mortgage or Home Loan ($)
Interest Rate on Loan (%)
Term of the Loan (Years)

Homeowners Insurance ($ / Year)
Property or Real Estate Taxes ($ / Year)
Home Maintenance ($ / Year)

Home Ownership Assumptions:
Years before Selling (Years)
Home Appreciation Rate (% / Year)
Cost to Sell Home (% of Selling Price)
Federal / State Income Tax Rate (%)



Calculator Results:	Buying	Renting
Monthly Payment ($ / Month)
Payment - End of Period ($ / Month)
Property Tax and Insurance ($ / Month)
Maintenance ($ / Month)
Total Monthly Expenses ($ / Month)
Total Cost Before Selling / Moving ($)

Additional Ownership Adjustments:
Expected Selling Price ($)
Minus: Original Down Payment ($)
Minus: Remaining Principal on Loan ($)
Minus: Cost to Sell ($)
Add: Tax Benefit / Savings ($)
Gain / (Loss) on Owning Home ($)

Effective Cost of Buying or Renting ($)
Net Gain (Loss) by Buying a Home ($)