Buy vs Rent Calculator Plus

INSTRUCTIONS: Compare the wealth you will generate by buying a home OR renting a home and investing instead. Please complete all fields of this calculator to provide the most accurate results.

Home Buying Information

Has Buyer Used VA Loan Before?
Does Buyer Have VA Disability
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Rental Information

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Homebuyer Loan Information

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Other Assumptions for Buying a Home

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Tax%     Single Filers             Married Joint
12%      $11,000-$44,725   |  $22,000-$89,450
22%     $44,725-$95,375   |  $89,450-$190,750
24%     $95,375-$182,100 | $190,750-$364,200
32%     $182,100-$231,250 | $364,200-$462,500
35%     $231,250-$578,125 |  $462,500-$693,750
37%     $578,125 or more   | $693,750 or more
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Costs Associated with Home Ownership

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PMI is a percentage of your loan amount based on credit score and down payment. The monthly dollar amount is below in Financial Analysis Section.

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Other Assumptions for Renting

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If RENT is less than after-tax monthly housing payment, will you invest the difference?
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Home Ownership Monthly Expenses

Please Note: the Total Monthly Payment below auto-populates as data is entered.  Click out of entry field to include in calculations.

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Financial Analysis – Rent vs Buy

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This is net proceeds from selling your home based on your entry for annual appreciation, taking into account mortgage loan payoff balance, closing costs associated with buying and selling the home and expenses paid during home ownership during Timeframe entered for holding period.

Calculated investment holdings if renting and investing the down payment and closing costs you would have used for home purchase.  If rent is lower than housing payment and you invest the savings, this additional wealth is included.  Both based on your input for annual rate of return and Timeframe for holding period.

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All of the results obtained from this calculator are for informational purposes only and does not constitute legal, tax, or financial advice.  This information derived from this calculator is for illustrative purposes only and does not apply to any specific mortgage loan applicant and cannot be construed as applicable to all mortgage loan applicants.  This calculator is intended to provide generic information and is not an offer to provide mortgage financing to any person or persons.  Please consult with a a qualified tax advisor, CPA, or financial advisor to obtain specific advice pertaining to your situation or a licensed Mortgage Loan Originator in your area, identified by their NMLS ID number about mortgage lending guidelines applicable to you in your State.

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