Rent vs. Buy

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.               General Information   Estimated Purchase Payments   Marginal tax rate   Closing costs(including points)   Annual interest rate   Property tax (monthly)   Proposed Purchased Information   Homeowners insurance (monthly)   Sale price of home   Maintenance (monthly)   Approximate appraised property value   Monthly rent   Down payment on home   Renters insurance (annual)   Term of mortgage in years         Estimated purchase date 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2007 2008 2009 2010 2011