RENT VS. OWN CALCULATOR
When it comes to deciding what will be better financially, you can’t just go with your gut. This calculator will take you through a cost comparison between owning and renting a property. Run the numbers, and guide your client accordingly.
/Year
/Month
Years = Months
%
%
/Month
|
Rent = Mortgage Payments
|
Rent = Total Payments
|
Rent Spent
|
|
|---|---|---|---|
| Maximum Purchase Price: | Monthly Rent: | ||
| Improvements: | Rent spent over the entire mortgage: | ||
| Mortgage Insurance: | |||
| Down Payment: | |||
| Mortgage Balance: | |||
| Mortgage Payment: | |||
| Income Required: | |||
| Total Monthly Payment (mortgage payment+tax+condo fee) |
|
Rent = Mortgage
Payments |
|
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) |
|
|
Rent = Total
Payments |
|
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) |
|
|
Rent Spent
|
|
|---|---|
| Maximum Purchase Price: | Monthly Rent: |
| Improvements: | Rent spent over the entire mortgage: |
Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.