rent to own calculator

RENT vs OWNING CALCULATOR

The calculation below will give you a more precise comparison between renting versus owning. We provided some fields with a generic response but that does not mean you would use the same number in your circumstance.
Use this to do different scenarios and see how it adjusts. Have fun and as always, contact one of our Mortgage Brokers or Lenders.

Monthly rent:	$
Monthly rental insurance:	$
Expected annual inflation rate:	%
Purchase price of home:	$
Down payment amount:	$
Length of mortgage term (years):	#
Mortgage's annual interest rate:	%
Discount points on purchase of home:	%
Origination fees:	%
Other loan costs:	$
Mortgage Insurance (PMI):	%
Homeowner's insurance rate:	%
Monthly association dues:	$
Average monthly maintenance:	$
Annual property tax:	$
State plus Federal income tax rate:	%
Interest rate you expect to earn on savings:	%
Expected percentage your home will appreciate by each year:	%
Number of years you will stay at this property:	#
Realtor commission rate:	%

Total estimated cost of renting:	$
Total estimated cost of buying:	$