Homefinder - Rent vs. Buy Calculator

Mortgage Payment Calculator
Use the calculator on this page to determine your monthly payment and amortization schedule.

Mortgage Qualifier
Can you buy your dream home? Find out just how much you can afford!

Rent vs. Buy Calculator
Are you better off buying your home, or should you continue to rent?

Mortgage Payoff Calculator
Save thousands of dollars in interest by increasing your monthly mortgage payment.

Adjustable Rate Mortgage Calculator
This calculator helps you to determine what your adjustable mortgage payments will be.

Rent Vs. Buy Calculator
This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision. Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
REALTOR® commission rate (%):

Total estimated cost of renting:
Total estimated cost of buying:

Rent Vs. Buy Calculator