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How Much Can I Afford?
  

Rent Vs. Buy Calculator
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.

Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected percentage your home will appreciate by each year (%):
Number of years you will stay at this property:
Realtor commission rate (%):
Total estimated cost of renting:
Total estimated cost of buying:

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




Homefinder.org is the most complete source for real estate listings for Bloomington, Monroe County, Owen County and South Central Indiana. The Homefinder MLS is your online guide for buying a home or house, selling a house or home, buying for a house for investment, or relocating to Bloomington Indiana. Find residential properties for sale in Bloomington, Monroe County, Owen County and South Central Indiana on www.Homefinder.org. Search for residential property, condos, farms, land, lots, commercial property, multifamily buildings, and auction properties. Find investment property for sale in Bloomington, Monroe County, Owen County and South Central Indiana on Homefinder.org. The Homefinder MLS provides information on realtors, brokers, and agents. Find a REALTOR, lender, appraiser, inspector, or title company. www.Homefinder.org is sponsored by the Bloomington Board of REALTORS.

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