Real Estate Finance Center

Buy Vs Rent Calculator

You can calculate the total estimated cost of buying and renting a property by considering the mortgage loan costs, property taxes, insurance costs, monthly association dues and other costs. Then by comparing the estimated costs, you can evaluate whether it is better to buy or rent. The majority of the time, you will find that is a huge cost savings when you buy instead of renting. We hope this calculator can help you with your decision in buying your Southern California Home. For a detailed report, please click the summarized report at the bottom of the page.

Should I Buy or Rent?

Monthly Rent ($)		?
Monthly Rental Insurance ($)		?
Expected Annual Inflation Rate (%)		?
Purchase Price of Home ($)		?
Down Payment Amount ($)		?
Mortgage Period (# of years)		?
Mortgage Rate (%)		?
Discount Points on Home Purchase (%)		?
Origination Fees (%)		?
Other Loan Costs ($)		?
Mortgage Insurance Rate (PMI %)		?
Homeowner's Insurance Rate (%)		?
Monthly Association Dues ($)		?
Average Monthly Maintenance Costs ($)		?
Annual Property Tax ($)		?
State and Federal Income Tax Rate (%)		?
Expected Rate you expect to earn on savings (%)		?
Expected Home Value Appreciation Rate (%)		?
Periods you will stay at this property (Years)		?
Realtor Commission Rate (%)		?

Should I rent or buy?
Total Estimated Renting Cost
Total Estimated Buying Cost
Summary

Your Exclusive Real Estate Broker

If you have any questions on financing your Southern California Real Estate, please contact Joseph Dodge today. As your Southern California real estate broker, you can be assured that we will always look out for your best interests. Please call or email today, and we'll be happy to assist you throughout your real estate transaction.