This calculator will help you to compare the costs of renting to the costs of buying a home. Comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Please answer the following questions: What is your current monthly rent? $ What is your expected yearly rent increase? % What is your federal income tax bracket? 15% 28% 31% 36% 39.6% What is the term of the loan in years? 30 20 15 What is the loan rate? % How much do you expect to borrow to purchase a home? $ What is the expected property purchase price? $ What is the estimated annual appreciation of the home you expect to buy? 1% 2% 3% 4% 5% How much do you expect to pay in yearly property taxes on the home you expect to buy? $ How many years do you plan to live in this home?