Rent or Buy Calclator
Rent information
Purchase information
Home information
Personal information
Sale information
Result
If you buy, you could save $288,471.14 over the next 10 years
Payment breakdown | Rent | Buy |
|---|---|---|
| Monthly payment | $2,100.00 | $2,986.97 |
| Monthly taxes, maintenance, insurance and association dues | $30.00 | $275.10 |
| Total monthly payment | $2,130.00 to $2,770.03 | $3,262.07 |
| Total payments over 10 years | $292,490.04 | $391,448.40 |
Home appreciation vs comparison investment | Rent | Buy |
|---|---|---|
| Sale price of home | $518,085.52 | |
| Remaining loan balance | $0.22 | |
| Cost for purchase and sale of home | $37,385.13 | |
| Down payment, points, and closing costs invested | $74,300.00 | |
| Investment return | $18,970.67 | |
| Investment tax owed | $0.00 | |
| Gain on home or comparison investment | $93,270.67 | $480,700.17 |
Total cost analysis | Rent | Buy |
|---|---|---|
| Total payments | $292,490.04 | $391,448.40 |
| Total tax savings | $0.00 | |
| Gain on home or comparison investment | $93,270.67 | $480,700.17 |
| Total | $199,219.37 | $89,251.77 |