Home Mortgage

Should I Rent or Buy a Home?

With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.
Rent Assumptions
Monthly rent payment
Additional monthly fees
Monthly renter's insurance premium
Annual rate increases: (%)
Purchase Assumptions
Purchase price of home
Annual appreciation rate: (%)
Amount of loan
Annual interest rate: (%)
Number of years
Annual homeowner's insurance premium
Annual property taxes
Annual maintenance cost
Other Assumptions
Number of years for the comparison
Marginal tax bracket: (%) help
Before tax return on savings: (%) help
Assumed annual inflation rate: (%) help
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This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.