Buying vs. Renting

Use the calculator below to compare the advantages and considerations of owning vs. renting a home.

Current Rent: $1,300

Purchase Price of Home: $182,941

Percentage of Down Payment: 10%

Length of Loan Term (years): 30

Interest Rate: 3.5%

Years You Plan to Stay in This Home: 10

Yearly Property Tax Rate: 0.5% Yearly Home Value Appreciation/Depreciation(use a negative number for depreciation): 2.7%

Refresh Recalculate

NOTE: This calculator is best viewed with a browser such as Internet Explorer, Netscape 6 or greater, or Firefox. Users with other browsers are advised that they may or may not be able to execute the full functionality of this calculator.

Previous

PRIVACY POLICY

HOME | ABOUT GINNIE MAE | FOR ISSUERS | FOR INVESTORS

HOMEOWNERSHIP GUIDE AND CALCULATORS | HOMEZONE (KIDS' SITE)

Result Returned: Rent Buy

Price of Home After Appreciation or

Depreciation:$238,789

Remaining Balance After Years:10 $127,529

Equity Earned: $111,260

Tax Savings (at 28%): $18,696

Avg. Monthly Payment Over Time: $1,446 $105

Total Payment: $173,520 $12,619

Total Savings On: Buying: $160,901

Note: The calculator above uses these items in its calculations: private mortgage

insurance, homeowner's insurance cost, loan closing cost, cost of selling a home,

property tax, homeowner's tax saving, and rent increases. Calculator results are

estimates only.

Page 1 of 1Ginnie Mae: Your Path to Homeownership

10/4/2012http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH

Buying vs. Renting

Use the calculator below to compare the advantages and considerations of owning vs. renting a home.

Current Rent: $1,300

Purchase Price of Home: $182,941

Percentage of Down Payment: 10%

Length of Loan Term (years): 30

Interest Rate: 3.5%

Years You Plan to Stay in This Home: 5

Yearly Property Tax Rate: 0.5% Yearly Home Value Appreciation/Depreciation(use a negative number for depreciation): 2.7%

Refresh Recalculate

NOTE: This calculator is best viewed with a browser such as Internet Explorer, Netscape 6 or greater, or Firefox. Users with other browsers are advised that they may or may not be able to execute the full functionality of this calculator.

Previous

PRIVACY POLICY

HOME | ABOUT GINNIE MAE | FOR ISSUERS | FOR INVESTORS

HOMEOWNERSHIP GUIDE AND CALCULATORS | HOMEZONE (KIDS' SITE)

Result Returned: Rent Buy

Price of Home After Appreciation or

Depreciation:$209,008

Remaining Balance After Years:5 $147,706

Equity Earned: $61,302

Tax Savings (at 28%): $9,348

Avg. Monthly Payment Over Time: $1,361 $259

Total Payment: $81,660 $15,573

Total Savings On: Buying: $66,087

Note: The calculator above uses these items in its calculations: private mortgage

insurance, homeowner's insurance cost, loan closing cost, cost of selling a home,

property tax, homeowner's tax saving, and rent increases. Calculator results are

estimates only.

Page 1 of 1Ginnie Mae: Your Path to Homeownership

10/4/2012http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH

Buying vs. Renting

Use the calculator below to compare the advantages and considerations of owning vs. renting a home.

Current Rent: $1,300

Purchase Price of Home: $182,941

Percentage of Down Payment: 3.5%

Length of Loan Term (years): 30

Interest Rate: 3.25%

Years You Plan to Stay in This Home: 10

Yearly Property Tax Rate: 0.5% Yearly Home Value Appreciation/Depreciation(use a negative number for depreciation): 0%

Refresh Recalculate

NOTE: This calculator is best viewed with a browser such as Internet Explorer, Netscape 6 or greater, or Firefox. Users with other browsers are advised that they may or may not be able to execute the full functionality of this calculator.

Previous

PRIVACY POLICY

HOME | ABOUT GINNIE MAE | FOR ISSUERS | FOR INVESTORS

HOMEOWNERSHIP GUIDE AND CALCULATORS | HOMEZONE (KIDS' SITE)

Result Returned: Rent Buy

Price of Home After Appreciation or

Depreciation:$182,941

Remaining Balance After Years:10 $135,500

Equity Earned: $47,441

Tax Savings (at 28%): $18,625

Avg. Monthly Payment Over Time: $1,446 $537

Total Payment: $173,520 $64,502

Total Savings On: Buying: $109,018

Note: The calculator above uses these items in its calculations: private mortgage

insurance, homeowner's insurance cost, loan closing cost, cost of selling a home,

property tax, homeowner's tax saving, and rent increases. Calculator results are

estimates only.

Page 1 of 1Ginnie Mae: Your Path to Homeownership

10/4/2012http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH

Buying vs. Renting

Use the calculator below to compare the advantages and considerations of owning vs. renting a home.

Current Rent: $1,300

Purchase Price of Home: $182,941

Percentage of Down Payment: 3.5%

Length of Loan Term (years): 30

Interest Rate: 3.25%

Years You Plan to Stay in This Home: 3

Yearly Property Tax Rate: 0.5% Yearly Home Value Appreciation/Depreciation(use a negative number for depreciation): 0%

Refresh Recalculate

NOTE: This calculator is best viewed with a browser such as Internet Explorer, Netscape 6 or greater, or Firefox. Users with other browsers are advised that they may or may not be able to execute the full functionality of this calculator.

Previous

PRIVACY POLICY

HOME | ABOUT GINNIE MAE | FOR ISSUERS | FOR INVESTORS

HOMEOWNERSHIP GUIDE AND CALCULATORS | HOMEZONE (KIDS' SITE)

Result Returned: Rent Buy

Price of Home After Appreciation or

Depreciation:$182,941

Remaining Balance After Years:3 $165,592

Equity Earned: $17,349

Tax Savings (at 28%): $5,587

Avg. Monthly Payment Over Time: $1,330 $788

Total Payment: $47,880 $28,377

Total Savings On: Buying: $19,503

Note: The calculator above uses these items in its calculations: private mortgage

insurance, homeowner's insurance cost, loan closing cost, cost of selling a home,

property tax, homeowner's tax saving, and rent increases. Calculator results are

estimates only.

Page 1 of 1Ginnie Mae: Your Path to Homeownership

10/4/2012http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?section=YPTH