"); var schedule = (part1 + "" + part2 + "" + row1 + "" + row2 + "" + row3 + "" + row4 + "" + row5 + "" + row6 + "" + row7 + "" + row7B + "" + row8 + "" + spacer + "" + row9 + "" + row10 + "" + row11 + "" + row12 + "" + spacer + "" + row13 + "" + summary + "" + part4 + ""); reportWin = window.open("","","width=600,height=400,toolbar=yes,menubar=yes,scrollbars=yes"); reportWin.document.write(schedule); reportWin.document.close(); } function showHelp(form) { var title = ""; var explain = ""; if(form.help[0].checked) { title = "Monthly rent"; explain = "Enter the amount of the monthly rent payment." } else if(form.help[1].checked) { title = "Monthly rental insurance"; explain = "Enter the monthly rental insurance premium." } else if(form.help[2].checked) { title = "Expected annual inflation rate"; explain = "Enter the annual inflation rate. Enter 4% as 4. This is used to inflate the costs of rent, insurance, maintenance, dues and property taxes for the length of time you will own the home." } else if(form.help[3].checked) { title = "Purchase price of home"; explain = "Enter the total purchase price of the home -- not including closing costs."; } else if(form.help[4].checked) { title = "Down payment amount"; explain = "Enter the amount you will have available to put down on the house after you have set aside the cash you will need to pay the closing costs."; } else if(form.help[5].checked) { title = "Length of mortgage term"; explain = "Enter the number of years you are financing the home for."; } else if(form.help[6].checked) { title = "Mortgage's annual interest rate"; explain = "Enter the annual interest rate of the morgage. Enter 8% as simply 8 (do not include percent sign)."; } else if(form.help[7].checked) { title = "Discount points on purchase of the home"; explain = "Discount points are paid up front in order to reduce the interest rate of your mortgage. Each point represents 1% of your mortgage balance. Enter 1% as simply 1 (do not include percent sign)."; } else if(form.help[8].checked) { title = "Origination fees"; explain = "The percentage (often as high as 1% of the loan amount) that a lending institution charges for processing and originating a loan."; } else if(form.help[9].checked) { title = "Other loan costs"; explain = "The total of other loan related costs, such as filing fees, appraiser fees, etc."; } else if(form.help[10].checked) { title = "Mortgage Insurance (PMI)"; explain = "If your downpayment is less than 20% of the value of the home you are buying, you may be required to pay mortgage insurance of somewhere between 0.2% and 0.5% of your principal balance each month. Enter .04% simply as .4 (do not include percent sign)."; } else if(form.help[11].checked) { title = "Homeowner's insurance rate"; explain = "Your homeowner's insurance rate -- entered as a percentage of your home's value. Typical rate is 0.5%. Enter .5% simply as .5 (do not include percent sign)."; } else if(form.help[12].checked) { title = "Monthly association dues"; explain = "If you are a member of a homeowner's association, enter your monthly dues in this field."; } else if(form.help[13].checked) { title = "Average monthly maintenance"; explain = "Enter the amount you expect to spend on repairing and maintaining your home."; } else if(form.help[14].checked) { title = "Annual property tax"; explain = "Enter the amount of property taxes you expect to pay each year."; } else if(form.help[15].checked) { title = "State plus Federal income tax rate"; explain = "Enter your combined state and federal income tax percentage rate. Enter 28% simply as 28 (do not include percent sign)."; } else if(form.help[16].checked) { title = "Interest rate you expect to earn on savings"; explain = "Enter the annual interest rate you expect to earn on the down payment and closing costs you will invest if you decide to rent instead of buy. Enter 7% simply as 7 (do not include percent sign)."; } else if(form.help[17].checked) { title = "Expected percentage your home will appreciate by each year"; explain = "Enter the percentage amount you expect your house to appreciate by each year. Enter 3% simply as 3 (do not include percent sign)."; } else if(form.help[18].checked) { title = "Number of years you will stay at this property"; explain = "Enter the number of years you expect to rent or own the property you are considering. Typically, if you plan to move out of a home in less than 5 years from the date of purchase, you may be better off renting."; } else if(form.help[19].checked) { title = "Realtor commission rate"; explain = "Enter the percentage of your home's selling price that you expect to pay a real estate agent or broker when it's time to sell your home. Enter 7% simply as 7 (do not include percent sign)."; } var part1 = ("Help Screen" + "

" + title + ": " + explain + "
"); var part4 = ("
"); var schedule = (part1 + "" + part4 + ""); reportWin = window.open("","","width=300,height=200,toolbar=yes,menubar=yes,scrollbars=yes"); reportWin.document.write(schedule); reportWin.document.close(); }

(916) 213-5715

7811 Laguna B.vd., Ste #120
Elk Grove, CA 95758

973 Pleasant Grove Blvd., Ste #105
Roseville, CA 95678

915 Howe Avenue
Sacramento, CA 95825

Enter the Loan Amount, then click on the Calculate button. Dollar sign or commas are not permitted.
Example: For a List Price of $120,000 enter 120000

Loan Amount

Down Payment:
% Interest Rate

Length of Loan:

Down Payment

Monthly Payment

Principal and Interest


Anticipated Amount of House
Amount of Down Payment $
Anticipated Interest Rate(.00 format)

Anticipated length of loan, in years.

Start Date of Loan (month and year)
House Price $
Down Payment $
Monthly Payment $
# of years
Month/Year Interest Principal


Enter the hourly amount here:
Enter the yearly amount here:



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 (%) 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:

The above information is an estimate only!
Among the many factors that could cause different results are the loan amounts, the property type, your credit history, interest rates, closing costs, etc.

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Web site last modified in May 2015