Rent vs Buy Calculator|財經線上App不用買

This easy to use and ADVERTISEMENT FREE calculator helps you compare the cost of buying vs. renting your home!

Owning your home is a dream come true for most of us. However, there are a number of costs involved in buying your own place – some costs are easily visible e.g. mortgage payment, property taxes, Insurance etc., while other costs are not so easily visible at the time of purchase e.g. 4%-6% realtor fee to sell the home. Depending on individual’s situation these costs can be significant (especially if you are planning to live in the home for only a few years).

This calculator helps you compare the cost of buying vs. renting your home. It takes into account the cost of buying a home, property value appreciation, tax break etc. vs. simply renting a place to live.

Key Features:

Compare the cost of buying vs. renting a home

Home-ownership costs included:

· Interest portion of mortgage payments (calculated based on loan amount and interest rates)

· Closing costs

· Condo, association or other monthly fees

· Property taxes

· Homeowners insurance

· Realtor fee to sell the home

· Foregone income on the down-payment (calculated based on home value and loan amount)

Home-ownership benefits:

· Tax break on interest and property taxes (calculated based on your tax bracket)

· Home value appreciation

Renting costs:

· Rental payments

· Rent increase

· Rental insurance

Other inputs:

· Length of stay in the home/apartment

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Updates:

Improved label descriptions and help.

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免費玩Rent vs Buy Calculator App

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