Purchase house or rent

YourMoneyPage College Finance 2 Minute Drill Map your (or your childs) future by answering 13 questions

Purchase home or keep renting

Use this calculator to see if buying or renting is better financially for you.

.....Mortgage Information.....
New Home Price:
Down payment %:	%
Mortgage Interest Rate:	%
Length of Loan:
Closing Costs:?

.....Annual Information.....
Annual home maintenance and insurance cost (as percent of home value):?	%
Property Taxes (as % of home value):	%
Expected annual change in Home Value:?
Mortgage Interest Tax Deduction:?

.....Selling Expenses.....
Fixup, Realtor and Other costs when you sell your house (as percentage of sale price):?

.....Rental Information.....
Monthly Cost to Rent:?
Expected annual increase in Rent:

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