Rental Information: Monthly rental payment ($)   Monthly renter's insurance ($)   Annual rent increase rate (%)   New Home Purchase Info: Price of home ($)   Monthly property taxes ($)     Monthly home owner's insurance ($)   Monthly home maintenance ($)   Annual home appreciation value (%)   New Home Loan : Loan amount ($)   Interest rate (%)   Term (years)   Loan points ($)   Down Payment & Loan closing costs ($) (non tax deductible items)   How Long Do You Plan To Keep Your New Home? Expected Number of Years   Typical Selling costs (%)   Savings account rate (%)   Tax rate (%)               Rent vs Buy Analysis Summary Based on your situation, we've determined that you would be better off owning a home. You would be $39,551.73 better off owning this home than renting. This was based on your home equity at the time of sale minus your total rent savings if you had rented over the same period of time.   Cost of Renting Years to Rent 5 years Total Rent and Insurance $46,397.11   Cost of Owning Your Home Mortgage Payments $54,684.95 Taxes and Insurance $12,150.00 Maintenance $6,000.00 Tax Savings ($12,454.51) Total Cost of Ownership $60,380.44   Home Sale Analysis Monthly Mortgage Payment $911.42 House Value with Appreciation $220,399.21 Proceeds minus Costs of Sale $204,971.27 Loan Balance ($139,795.43) Your Equity $65,175.84   Rent Vs Buy Analysis Monthly Rent savings $388.43 The cost of home ownership minus the cost of renting as monthly cost Total Rent Savings $25,624.10 Your monthly rent savings times the number of months you lived in the house plus the savings interest you would have earned on your down payment and closing costs