Renting vs. Owning Calculator
Current Rent:
Purchase Price of Home:
Percentage of Down Payment:
Length of Loan Term (years):
Interest Rate: What's the current interest rate?
Years You Plan to Stay in This Home:
Yearly Property Tax Rate: What is this?
Yearly Home Value Increase Rate*:
HOA Fees: What's this?
Tax Bracket: What's this?


Tax Bracket:
Your tax bracket is used to estimate the amount of tax you'll pay based on your income.

If your taxable income is $8,025 or less, your tax bracket is 10%.
If your taxable income is between $8,025 and $32,550, your tax bracket is 15%
If your taxable income is between $32,550 and $65,725, your tax bracket is 25%
If your taxable income is between $65,725 and $100,150, your tax bracket is 28%
If your taxable income is between $100,150 and $178,850, your tax bracket is 33%
If your taxable income is between $178,850 and $48,385.00, your tax bracket is 35%

Annual Rental Rate Increase:
 
Results
Rent Buy
Value of Home after 20 Years of Appreciation: N/A
Remaining Balance After 20 Years: N/A
Home Equity: N/A
Payments**:
Property Tax: N/A
HOA Dues: N/A
Down Payment: N/A
Tax Savings (at 28%): $0
Net Payments:
Minus Home Equity: $0
Total Cost After 20 Years:
Total Savings for Owning 20 Years:

*Estimate for calculation purposes only.
**Interest and principal only; does not include property insurance or mortgage insurance, which may be required by your lender.