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Rent vs. Buy Calculator

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Initial Assumption
After-tax rate of return on investments (%)
Marginal tax rate (%)
Estimated annual appreciation of home (%)
Down payment on home
Estimated closing costs
Estimated purchase price of home
Monthly rent
Cost of Renting
Annual rent
Renter's annual insurance premium
Total annual cost of renting
Cost of Buying
Mortgage loan amount
Annual interest rate (%)
Term of mortgage (years)
Monthly mortgage payment
Annual mortgage payment
Property taxes
Homeowner's insurance
Maintainance
Opportunity cost of buying
Total cost of buying
Less Adjustments:
Principal reduction in mortgage
Tax savings of interest deductions
Tax savings of property tax
Total adjustments
Annual after-tax cost of home ownership
Less:
Estimated annual appreciation in value of home 
Net annual cost of home ownership
 

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TODAY'S RATES

and available loan programs
3.69%
5 Year Fixed
Close by Oct 30
2.15%
5 Year Variable
Prime -0.60%
2.05%
3 Year Variable
Prime -0.70%

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