Hayes Hyman : : Taking the Stress out of Mortgage Financing

Mortgage Calculators
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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:

	©Copyright 2003-Present Hayes Hyman Home \| Services \| What We Do \| Resources \| About Us
		SWBC Mortgage Corporation 8816 Six Forks Rd., Suite 107 Raleigh, North Carolina 27615 NMLS Identifier No. 9741 Hayes Hyman is a licensed Loan Officer employed by SWBC Mortgage Corporation North Carolina state license No. I-103687. NMLS Identifier No. 112490. Office Direct: (919) 845-5161 Mobile: (919) 880-8811 Fax: (877) 714-1602 Voice Pager: (919) 786-3800 Work Email: HHyman@swbc.com Personal Email: Hayes@HayesHyman.com Address: SWBC Mortgage Corporation 8816 Six Forks Rd., Suite 107, Raleigh, NC 27615
		Member, North Carolina Association of Mortgage Professionals

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