Intrest Rate
Type
Rate
Points
APR
       
Conforming 30 yr fixed
  6.5 - 0.00 - 6.637
       
Conforming 15 yr fixed
  5.875 - 0.00 - 6.102
       
Conforming 5/1 ARM
  6.25 - 0.00 - 6.38
       
Conforming 7/1 ARM
  6.375 - 0.00 - 6.421
       
Jumbo 30 yr fixed
  6.5 - 0.000 - 6.61
       
Jumbo 15 yr fixed
  6.00 - 0.000 - 6.103
       
 
 
 
 
Rent vs Own Calculator

 

Should you rent or buy?

This calculator compares making rent and mortgage payments.

Enter the Following:

Information on Your Current Rent:

Monthly Rent Payment:

Annual Increase Rate:

 %

Cash on Hand:

Investment Yield Rate:

 %

Income Tax Rate:

 %


Information on Your Proposed Mortgage:

Home Price:

Total Closing Costs:

Interest Rate:

 %

Term, Months:

Home Appreciation Rate:

 %

Number of Years for Comparison:


The Following Items are Calculated:


If You Continue to Rent:

Total of Rent Payments

Total Investment Income:

Net Investment Income:

Net Cost:

Home Equity:


If You Purchase a Home:

Monthly Payment:

Total Mortgage Payments:

Mortgage Interest:

Appreciation In Home Value:

Home Equity:

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