Rent vs. Buy

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered. This is being provided for you to plan your next loan application. To use enter values for the Number of Years (Term), Interest Rate, Loan Amount (without the comma), the annual Taxes and annual Insurance payment, then click the "Calculate Now" button.

Interest: (enter current rate)
Loan Amount:
Annual Tax:
Annual Insurance:


Monthly Prin + Int:
Monthly Tax:
Monthly Ins:
Total Payment:

Rent vs. Buy?

Current Rent:
Purchase Price of Home:
Percentage of Down Payment:
Length of Loan Term (years):
Interest Rate: (enter current rate)
Years You Plan to Stay in This Home:
Yearly Property Tax Rate:
Yearly Home Value Increase Rate:

Result Returned: Rent Buy
Price of Home After Appreciation:  
Remaining Balance After Years:  
Equity Earned:  
Tax Savings (at 28%):  
Avg. Monthly Payment Over Time:
Total Payment:
Total Savings On:

Please note: This calculator is for estimation purposes only. Check with your Mortgage Advisor, Insurance Advisor and Sales Agent for complete costs and additional information.

Neither Michael Anthony Homes nor the information providers shall be responsible for any errors or misinformation, and shall be held totally harmless.