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Rent vs. Buy
Am I better off renting or owning? This calculator will show you the financial differences between the two.
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Current Rent
%
Est. tax bracket
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Purchase Price
%
Down Payment
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Interest Rate
Mortgage Term (Years)
Your Monthly Payment
$
Yearly Taxes?
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Yearly Insurance?
Total PITI
How long will you own (typ. 7 yrs)
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This is your rent over the period
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This is mortgage over the period
Are seller-paid points deductible?
Are seller-paid points deductible?
As of Jan. 1, 1991, homeowners have been able to deduct points paid by the seller. This deduction previously was reserved only for points actually paid by the buyer.
