Owning vs. Renting

Use this calculator to discover the difference between purchasing a home and renting a property.

Sale Price of Home Percent (%) or $ Amt. Down Term of Loan (in Years) Interest Rate (% of 100)	Dollar Amount Financed Monthly Payment Annual Loan Cost
Ann. Property Taxes Ann. Home Ins. Prem. Ann. Home Assoc. Fees Ann. Home Maint/Repair Homeowner's State + Fed. Tax Rate (%)	First Year Mortgage Interest Tax Reduction for Interest ANNUAL HOME COST
Monthly Rental Payment	ANNUAL RENTAL COST
ANNUAL SAVINGS OR EXPENSE(-) OF HOME OWNERSHIP