Rent vs Buy Calculator

How much would you save over the life of a mortgage compared to renting for that same time period?

Rent and Tax Bracket

Current monthly rent

$

Expected yearly rent increase

%

Your federal income tax bracket

New Property and Mortgage

Mortgage amount

$

Mortgage term

years

Morgage rate

%

Property purchase price

$

Estimated annual appreciation of the property

Yearly property taxes

$

How many years do you plan to live in this home?

Results

Estimated cost of renting:

Estimated gross costs of buying:

Estimated tax savings:

Estimated increase in equity:

Estimated net cost of buying:

Estimated investment-related savings:

Estimated total savings:


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Smart Reasons
to Refinance

Knowing your reasons help us suggest the right loan for you.

  • Lower Your Monthly Payments
  • Payoff Your Auto or Student Loans
  • Fix Your Adjustable Rate Mortgage