Lease Vs. Buy Calculator
This calculator will help you to compare the costs of leasing to the costs of buying a property. 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 leasing 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 ($):
Monthly rental or liability insurance ($):
Expected annual inflation rate (%):
Purchase price of property ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of Property (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Owner's insurance rate (%):
Monthly association(Condominium) dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage property will appreciate by each year (%):
Number of years you will own this property:
Broker commission rate (%):
Total estimated cost of renting:
Total estimated cost of buying:
Link to this Calculator:

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