Buy vs Rent Calculator

Hi, Welcome to our community. I am your Mortgagefit Community Helper. I shall help you to choose the right calculator so that you can calculate and take the right decision. I have put down some situations and all you need is to select the calculators as per the situation you are in.

• Check if it's time for you to take a mortgage.
• Decide upon the best loan offer for you.
• Are you looking for another mortgage but confused on what to choose?
• How can you make maximum savings?

Calculators

Buy vs Rent Calculator

Know which is better - Buying or renting
You can calculate the total estimated cost of buying and renting a property by considering the mortgage loan costs, property taxes, insurance costs, monthly association dues and other costs. Then by comparing the estimated costs, you can evaluate whether it is better to buy or rent.
Monthly Rent ($)		?
Monthly Rental Insurance ($)		?
Expected Annual Inflation Rate (%)		?
Purchase Price of Home ($)		?
Down Payment Amount ($)		?
Mortgage Period (# of years)		?
Mortgage Rate (%)		?
Discount Points on Home Purchase (%)		?
Origination Fees (%)		?
Other Loan Costs ($)		?
Mortgage Insurance Rate (PMI %)		?
Homeowner's Insurance Rate (%)		?
Monthly Association Dues ($)		?
Average Monthly Maintenance Costs ($)		?
Annual Property Tax ($)		?
State and Federal Income Tax Rate (%)		?
Expected Rate you expect to earn on savings (%)		?
Expected Home Value Appreciation Rate (%)		?
Periods you will stay at this property (Years)		?
Realtor Commission Rate (%)		?

Should I rent or buy?
Total Estimated Renting Cost
Total Estimated Buying Cost
Summary


	Borrowers using this calculator also use • How much you can afford based on rent payments? • Are you eligible for the loan? • Know the maximum qualifying loan amount

Highlights

Helpful References
• Mortgage Guide
• Mortgage Terminology
• Industry News
• Book Center
• Shop and Compare lenders
• 30 Yr. Fixed Vs. 5/1 ARM

Calculators [View all]
• Are you eligible for loan?
• How much you can afford?
• Calculate monthly payment
• Calculate APR

Financial Tools
• Credit Repair Tool

• Mortgage Planner
• Simple Budgeting Tool

Community Rewards
• Five simple ways to earn money with the Mortgage Community.

Explore the lender near you