Home Loan Calculator

Home Buy or Rent Analysis

	Initial Assumption
	After-tax rate of return on investments
	Marginal tax rate
	Estimated annual appreciation of home
	Down payment on home
	Estimated closing costs
	Estimated purchase price of home
	Monthly rent
	Cost of Renting
	Annual rent
	Renter's annual insurance premium
	Total annual cost of renting
	Cost of Buying
	Mortgage loan amount
	Annual interest rate
	Term of mortgage (years)
	Monthly mortgage payment
	Annual mortgage payment
	Property taxes
	Homeowner's insurance
	Maintenance
	Opportunity cost of buying
	Total cost of buying
	Less Adjustments:
	Principal reduction in mortgage
	Tax savings of interest deductions
	Tax savings of property tax
	Total adjustments
	Annual after-tax cost of home ownership
	Less:
	Estimated annual appreciation in value
	Net annual cost of home ownership

Automatic recalculation