Rent Vs. Buy Calculator

FEATURED AREAS

NORTH CHARLOTTE

Lake Norman

Huntersville

University City

Harrisburg

CENTER CITY CHARLOTTE

Uptown

Elizabeth

Dilworth

SOUTH CHARLOTTE

Ballantyne

South Park

Lake Wylie

CHARLOTTE SUBURBAN AREAS

Union County

Weddington

Wesley Chapel

Waxhaw

Rent Vs. Buy Calculator
This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision. Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):

Total estimated cost of renting:
Total estimated cost of buying:

The Pruitt Group
Keller Williams - Ballantyne Properties
3430 Toringdon Way, Suite 101
Charlotte, NC 28277
Phone: (704) 608-2794

PRIVACY POLICY
Derhyl Pruitt is the sole owner of the information collected on this site. Derhyl Pruitt nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for Derhyl Pruitt.

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that Derhyl Pruitt or his authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state or federal or other "do not contact" program of any type

Site Powered By
prostepmarketing.com
Online web site design