|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.
NOTE: Be sure to enter "0" (zero) in any entry boxes that
don't apply to you. Also be sure that only numbers and decimal points are
entered into the fields (dollar signs and other non-numeric characters