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RENT VS. BUY CALCULATOR
Would you like to know how much you could save by buying a home versus staying in your current apartment?
This analysis is over a 5 year period assuming a 33% tax bracket.
What are you currently paying in rent each month?
$
How much is it increasing each year? (1-7%)
%
How much will your house cost?
$
How much are you putting down?
%
How much will your house appreciate each year?
(1-10%)
%
Your Analysis
Over five years you would pay $
in rent.
Over five years you would pay $
in house payments.
But your home would go up in value by $
.
And you would save $
in taxes.
And pay off $
of the loan, which is equity in the home.
The net of it - by buying this home you will save on average $
per month and in total $
over 5 years.
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