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Calculators

Renting vs. Buying Calculator

Does It Pay To Rent Or Buy?

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%
Federal Income Tax Bracket
Loan Term
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Yearly Property Appreciation
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years
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Renting vs. Buying

  • Estimated cost of renting:
    $213,785
  • Estimated gross cost of buying (includes $4,870 in closing costs):
    $182,319
  • Estimated amount of tax related savings:
    $16,515
  • Estimated amount of increased equity:
    $227,775
  • Estimated net cost of buying:
    $-61,971
  • Estimated total savings:
    (not including investment related savings)
    $275,756
  • Estimated investment related savings:
    $22,060

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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