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 |