Rent Versus Buy Calculator

BLUE ONE Realty offers you this rent versus buy calculator option for you to see in real numbers how much you would be saving with a mortgage payment to buy a home compared to renting.

How much would you save over the life of a mortgage compared to renting for that same time period?

**Rent and Tax Bracket**
Current monthly rent	($)
Expected yearly rent increase	%
Your federal income tax bracket

**New Property and Mortgage**


Mortgage amount	($)
Mortgage term	years
Morgage rate	%
Property purchase price	($)
Estimated annual appreciation of the property
Yearly property taxes	($)
How many years do you plan to live in this home?

**Results**
Estimated cost of renting:	$597,949.62
Estimated gross costs of buying:	$382,706.50
Estimated tax savings:	$60,425.67
Estimated increase in equity:	$232,200.00
Estimated net cost of buying:	$90,080.83
Estimated investment-related savings:	$40,629.50
Estimated total savings:	$507,868.79

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