Rent vs Buy Calculator - Integrity Capital

Renting

Rent (monthly)

700
Renter's Insurance (monthly)

15
Rent % Increase/(Decrease) (annual)

0%

Home Purchase

Purchase Price

250,000
Down Payment

50,000
Property Tax (annual)

3,250
Homeowner's Insurance (annual)

1,000
Maintenance (annual)

700

Loan Info

Term (years)

30
Interest rate

5.00%
Origination Charge

1500
Discount Points

1.00%
Other Settlement Services

1000

Other Assumptions

Home Appreciation/Depreciation Rate (annual)

5%
Expected Years in Home

7
Home Sellings Costs (% of Selling Price)

5.00%
Tax Rate (Federal + State)

33.80%
Savings Rate on Excess funds

1.00%

Summary Results

Cost of renting (cummulative)

56,436
Cost of buying

50,153

Decision: More Beneficial to Purchase
Savings by Purchasing: 6,283

Month	Rent	Renter’s Insurance	Interest on Down Payment Savings	Interest on Savings (post tax)	Total Rent Expense	Beginning Principal	Interest Payment	Principal Payment	Principal & Interest Payment	Impounds	Total Payment	Ending Principal	Maintenance Expense	Home Value	Home Equity	Selling Costs	Net Gain (Before Taxes)	Net Gain (After Taxes)	Total Housing Expense
1	700	15	-41.67	-28	673	203,500	848	21	869	354	1,223	203,479	58	251042	47,562				1,281
2	700	15	-41.70	-28	673	203,479	848	21	869	354	1,223	203,459	58	252088	48,629				1,281
3	700	15	-41.74	-28	673	203,459	848	21	869	354	1,223	203,438	58	253138	49,700				1,281
4	700	15	-41.77	-28	673	203,438	848	21	869	354	1,223	203,417	58	254193	50,776				1,281
5	700	15	-41.81	-28	673	203,417	848	21	869	354	1,223	203,396	58	255252	51,856				1,281
6	700	15	-41.84	-28	673	203,396	847	21	869	354	1,223	203,375	58	256315	52,940				1,281
7	700	15	-41.88	-28	673	203,375	847	21	869	354	1,223	203,354	58	257383	54,029				1,281
8	700	15	-41.91	-28	673	203,354	847	21	869	354	1,223	203,333	58	258456	55,123				1,281
9	700	15	-41.95	-28	673	203,333	847	21	869	354	1,223	203,312	58	259533	56,221				1,281
10	700	15	-41.98	-28	673	203,312	847	21	869	354	1,223	203,290	58	260614	57,324				1,281
11	700	15	-42.02	-28	673	203,290	847	21	869	354	1,223	203,269	58	261700	58,431				1,281
12	700	15	-42.05	-28	673	203,269	847	22	869	354	1,223	203,247	58	262790	59,543				1,281
13	700	15	-42.09	-28	673	203,247	847	22	869	354	1,223	203,226	58	263885	60,660				1,281
14	700	15	-42.12	-28	673	203,226	847	22	869	354	1,223	203,204	58	264985	61,781				1,281
15	700	15	-42.16	-28	673	203,204	847	22	869	354	1,223	203,182	58	266089	62,907				1,281
16	700	15	-42.19	-28	673	203,182	847	22	869	354	1,223	203,160	58	267198	64,038				1,281
17	700	15	-42.23	-28	673	203,160	847	22	869	354	1,223	203,138	58	268311	65,173				1,281
18	700	15	-42.26	-28	673	203,138	846	22	869	354	1,223	203,116	58	269429	66,313				1,281
19	700	15	-42.30	-28	673	203,116	846	22	869	354	1,223	203,094	58	270552	67,458				1,281
20	700	15	-42.33	-28	673	203,094	846	22	869	354	1,223	203,072	58	271679	68,607				1,281
21	700	15	-42.37	-28	673	203,072	846	22	869	354	1,223	203,049	58	272811	69,762				1,281
22	700	15	-42.40	-28	673	203,049	846	22	869	354	1,223	203,027	58	273948	70,921				1,281
23	700	15	-42.44	-28	673	203,027	846	23	869	354	1,223	203,004	58	275089	72,085				1,281
24	700	15	-42.47	-28	673	203,004	846	23	869	354	1,223	202,982	58	276235	73,254				1,281
25	700	15	-42.51	-28	672	202,982	846	23	869	354	1,223	202,959	58	277386	74,428				1,281
26	700	15	-42.54	-28	672	202,959	846	23	869	354	1,223	202,936	58	278542	75,606				1,281
27	700	15	-42.58	-28	672	202,936	846	23	869	354	1,223	202,913	58	279703	76,790				1,281
28	700	15	-42.61	-28	672	202,913	845	23	869	354	1,223	202,890	58	280868	77,978				1,281
29	700	15	-42.65	-28	672	202,890	845	23	869	354	1,223	202,867	58	282038	79,172				1,281
30	700	15	-42.69	-28	672	202,867	845	23	869	354	1,223	202,844	58	283214	80,370				1,281
31	700	15	-42.72	-28	672	202,844	845	23	869	354	1,223	202,820	58	284394	81,573				1,281
32	700	15	-42.76	-28	672	202,820	845	23	869	354	1,223	202,797	58	285579	82,782				1,281
33	700	15	-42.79	-28	672	202,797	845	24	869	354	1,223	202,773	58	286768	83,995				1,281
34	700	15	-42.83	-28	672	202,773	845	24	869	354	1,223	202,750	58	287963	85,214				1,281
35	700	15	-42.86	-28	672	202,750	845	24	869	354	1,223	202,726	58	289163	86,437				1,281
36	700	15	-42.90	-28	672	202,726	845	24	869	354	1,223	202,702	58	290368	87,666				1,281
37	700	15	-42.94	-28	672	202,702	845	24	869	354	1,223	202,678	58	291578	88,900				1,281
38	700	15	-42.97	-28	672	202,678	844	24	869	354	1,223	202,654	58	292793	90,138				1,281
39	700	15	-43.01	-28	672	202,654	844	24	869	354	1,223	202,630	58	294013	91,383				1,281
40	700	15	-43.04	-28	672	202,630	844	24	869	354	1,223	202,606	58	295238	92,632				1,281
41	700	15	-43.08	-29	672	202,606	844	24	869	354	1,223	202,582	58	296468	93,886				1,281
42	700	15	-43.11	-29	672	202,582	844	24	869	354	1,223	202,557	58	297703	95,146				1,281
43	700	15	-43.15	-29	672	202,557	844	25	869	354	1,223	202,533	58	298944	96,411				1,281
44	700	15	-43.19	-29	672	202,533	844	25	869	354	1,223	202,508	58	300189	97,681				1,281
45	700	15	-43.22	-29	672	202,508	844	25	869	354	1,223	202,483	58	301440	98,957				1,281
46	700	15	-43.26	-29	672	202,483	844	25	869	354	1,223	202,459	58	302696	100,237				1,281
47	700	15	-43.29	-29	672	202,459	844	25	869	354	1,223	202,434	58	303957	101,524				1,281
48	700	15	-43.33	-29	672	202,434	843	25	869	354	1,223	202,409	58	305224	102,815				1,281
49	700	15	-43.37	-29	672	202,409	843	25	869	354	1,223	202,384	58	306496	104,112				1,281
50	700	15	-43.40	-29	672	202,384	843	25	869	354	1,223	202,358	58	307773	105,414				1,281
51	700	15	-43.44	-29	672	202,358	843	25	869	354	1,223	202,333	58	309055	106,722				1,281
52	700	15	-43.47	-29	672	202,333	843	25	869	354	1,223	202,308	58	310343	108,035				1,281
53	700	15	-43.51	-29	671	202,308	843	26	869	354	1,223	202,282	58	311636	109,354				1,281
54	700	15	-43.55	-29	671	202,282	843	26	869	354	1,223	202,256	58	312934	110,678				1,281
55	700	15	-43.58	-29	671	202,256	843	26	869	354	1,223	202,231	58	314238	112,008				1,281
56	700	15	-43.62	-29	671	202,231	843	26	869	354	1,223	202,205	58	315548	113,343				1,281
57	700	15	-43.66	-29	671	202,205	843	26	869	354	1,223	202,179	58	316862	114,684				1,281
58	700	15	-43.69	-29	671	202,179	842	26	869	354	1,223	202,153	58	318183	116,030				1,281
59	700	15	-43.73	-29	671	202,153	842	26	869	354	1,223	202,126	58	319508	117,382				1,281
60	700	15	-43.77	-29	671	202,126	842	26	869	354	1,223	202,100	58	320840	118,740				1,281
61	700	15	-43.80	-29	671	202,100	842	26	869	354	1,223	202,074	58	322177	120,103				1,281
62	700	15	-43.84	-29	671	202,074	842	27	869	354	1,223	202,047	58	323519	121,472				1,281
63	700	15	-43.88	-29	671	202,047	842	27	869	354	1,223	202,021	58	324867	122,846				1,281
64	700	15	-43.91	-29	671	202,021	842	27	869	354	1,223	201,994	58	326221	124,227				1,281
65	700	15	-43.95	-29	671	201,994	842	27	869	354	1,223	201,967	58	327580	125,613				1,281
66	700	15	-43.98	-29	671	201,967	842	27	869	354	1,223	201,940	58	328945	127,005				1,281
67	700	15	-44.02	-29	671	201,940	841	27	869	354	1,223	201,913	58	330315	128,402				1,281
68	700	15	-44.06	-29	671	201,913	841	27	869	354	1,223	201,886	58	331692	129,806				1,281
69	700	15	-44.09	-29	671	201,886	841	27	869	354	1,223	201,858	58	333074	131,215				1,281
70	700	15	-44.13	-29	671	201,858	841	27	869	354	1,223	201,831	58	334461	132,631				1,281
71	700	15	-44.17	-29	671	201,831	841	28	869	354	1,223	201,803	58	335855	134,052				1,281
72	700	15	-44.21	-29	671	201,803	841	28	869	354	1,223	201,776	58	337254	135,479				1,281
73	700	15	-44.24	-29	671	201,776	841	28	869	354	1,223	201,748	58	338660	136,912				1,281
74	700	15	-44.28	-29	671	201,748	841	28	869	354	1,223	201,720	58	340071	138,351				1,281
75	700	15	-44.32	-29	671	201,720	841	28	869	354	1,223	201,692	58	341488	139,796				1,281
76	700	15	-44.35	-29	671	201,692	840	28	869	354	1,223	201,664	58	342911	141,247				1,281
77	700	15	-44.39	-29	671	201,664	840	28	869	354	1,223	201,636	58	344339	142,704				1,281
78	700	15	-44.43	-29	671	201,636	840	28	869	354	1,223	201,607	58	345774	144,167				1,281
79	700	15	-44.46	-29	671	201,607	840	28	869	354	1,223	201,579	58	347215	145,636				1,281
80	700	15	-44.50	-29	670	201,579	840	29	869	354	1,223	201,550	58	348662	147,111				1,281
81	700	15	-44.54	-29	670	201,550	840	29	869	354	1,223	201,522	58	350114	148,593				1,281
82	700	15	-44.58	-30	670	201,522	840	29	869	354	1,223	201,493	58	351573	150,080				1,281
83	700	15	-44.61	-30	670	201,493	840	29	869	354	1,223	201,464	58	353038	151,574				1,281
84	700	15	-44.65	-30	670	201,464	839	29	869	354	1,223	201,435	58	354509	153,074	17725.45	-86,784	-57450.7	-56,170

Rent vs Buy Calculator

Integrity Capital

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Rent vs Buy Calculator