Updated: 02/21/2008

Free Real Estate Rent Vs. Buy Calculator

This script is designed to help people who are trying to decide whether to rent or buy a home, make a decision. It uses all common factors (PITI) and PMI for estimating home purchase payments, it also has an amortization schedule built in but not displayed as we need this to figure total interest costs during the loan. It also figures rate of rent increase for renters and calculates tax savings and appreciation of home, and then compares the two options telling which is the better option. This script was designed to be a clear and simple way of comparing costs, and hopefully does that.