Rent vs Buy Calculator
There are several advantages in owning your own property than renting. There are tax advantages, you will have the ability to renovate and remodel your own property and above all, while your mortgage balance decreases over the years, your equity builds even if the value of your home does not increase.
You can use the calculator below to determine whether it is financially beneficial to rent or to own a home, using your assumptions.
|Price of Home After Appreciation:|
|Remaining Balance After Years:|
|Tax Savings (at 28%):|
|Avg. Monthly Payment Over Time:|
|Total Savings On:|