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RENT VS. OWN

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.