Rent vs. Buy Calculator

This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), 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.
Help & Instructions will appear in cells to the right of fields once you click in or tab into the fields.

Entry Descriptions Entry Fields
Monthly rent ($):
Purchase price of home ($):
Number of years you will stay at this property:
Monthly rental insurance ($):
Expected annual inflation rate (%):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Realtor commission rate (%):
Result Descriptions Result Fields
Total estimated cost of renting:
Total estimated cost of buying:
  • Options Financial Residential Mortgage division of American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to
    change without notice.

    This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.

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    © Copyright 2016 - Options Financial Residential Mortgage

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    Beaverton, Oregon 97008
    503.643.5220


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    Longview, WA 98632
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