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Loan Term Loan Qualifier Loan Repayment Loan AmountRent v.s Buy

Compare whether renting or buying a home is a better option for you to choose. Given a current monthly rent, available purchasing price, percentage of downpayment, annual interest rate, repayment period, and duration of stay. This simple calculator provides the approximate saving over period of time. (* PMI, Private Mortgage Insurance, here only applicable to mortgages with a down payment less than 20%.)

Your Current Monthly Rent: [$]
Estimated Annual Rent Rate Increase: [%]
Price of Home You Could Afford: [$]
Interest Rate of Your Loan: [%]
Your Available Downpayment: [%]
Years to Repay Your Loan: [Years]
Years Before You Will Move? [Years]
Estimaed Annual Property Tax Rate: [%]
Estimated Annual Property Appreciation Rate: [%]
Local PMI Market Risk: [U.S Index]

   


These financial calculators will help you get a general indication about how much home you can afford to buy, how much the payments will be, and how long it will take you to pay off the morgage on your new home.

These calculators and the resulting calculations do not constitute a loan application, loan offer or loan approval.

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