Mortgage Payment Calculator

Should you rent or buy a home? Use this calculator to compare the costs of renting vs. buying over time and make an informed decision.

Buying is Better

Total savings over 10 years

Comparison Period

Years to Compare

years

1 year 30 years

Buying Details

Home Price

$100,000 $2,000,000

Down Payment

0% 50%

Mortgage Interest Rate

1% 12%

Mortgage Term

years

10 years 30 years

Property Tax Rate

0% 4%

Home Insurance (Annual)

$500 $5,000

Maintenance Rate

0% 3%

Home Appreciation

-5% 10%

Renting Details

Monthly Rent

$500 $10,000

Annual Rent Increase

0% 10%

Renter's Insurance (Annual)

$0 $1,000

Investment Return

0% 15%

Total Cost Over 10 Years

Renting

Buying

Buying saves you

over 10 years

Cumulative Cost Over Time

Renting

Buying

Renting Costs

Total Cost $0

Buying Costs

Total Cost $0

Monthly Mortgage Payment

Principal & Interest only

Down Payment Required

20% of home price

Monthly Rent

Starting rent

Loans available nationwide

Low Rate, Low Fee.

"A Loan for every home"

Guaranteed Closing*

Rodney Rose

Loan Officer / Branch Manager

NMLS#: 1396861 DRE#: 00853403

C: (916) 232 3040

E: rrose@emortgagecapital.com

W: MortgageMarketUpdate.com

Offices