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.
Rent = Mortgage Payments
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Rent = Total Payments
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Rent Spent
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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.