Rent vs. Buy calculator Enter your customer's information here What is your customer's current monthly rent? $ What is your customer's expected yearly rent increase? % What is your customer's federal income tax bracket? 15%28%31%36%39.6% What is the expected term of the loan in years? 302015 What is the expected loan rate? % How much does your customer expect to borrow to purchase a home? $ What is the expected property purchase price? $ What is the estimated annual appreciation of the home your customer expects to buy? 1%2%3%4%5% How much are yearly property taxes on the home your customer expects to buy? $ How many years does your customer plan to live in this home? Results Based on the information you provided for your customer, the following represents their costs and savings over the next 30 years. Estimated costs of renting: Details $425,965 Estimated gross costs of buying: (includes $2,123 in closing costs) Details $328,840 Estimated amount of tax related savings: Details $63,761 Estimated amount in increased equity: Details $189,600 Estimated net costs of buying: Details $75,479 Estimated total savings (not including investment related savings): Details $350,486 Estimated investment related savings: Details $28,039