Rancho Buena Vista Real Estate — Specializing in the Metro Neighborhoods of San Diego

Buying vs. Renting Calculator

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Buying vs. Renting Calculator

Comparing the cost of renting to the cost of buying a home is more complicated than simply comparing monthly payments.

Some things to consider in your comparison are: interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc…

Use this calculator to estimate the financial benefits of buying versus renting.

Please read our disclaimer.

Monthly rent ($)
Monthly rental insurance ($)
Expected annual inflation rate (%)
Purchase price of home ($)
Down payment amount ($)
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 yearly appreciation (%)
Number of years you will stay at this property
REALTOR® commission rate (%)
Total estimated cost of renting
Total estimated cost of buying
Results

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Disclaimer

This calculator is for estimation purposes. It is not a substitute for professional advice from your accountant or tax advisor.

Rancho Buena Vista Real Estate
2334 30th Street
San Diego, CA 92104
 
Office: 619} 624-2052
Fax: 619} 624-2055

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