El Cajon Real Estate and Homes for Sale in El Cajon Scott Engle, REALTOR

Rent Vs. Buy Calculator

This calculator can help you to compare the costs of renting to the costs of buying a home. Because there are other factors to consider, (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.) it is complicated to compare the cost of renting to the cost of buying. This calculator attempts to take all of these factors into consideration in order for you to make an informed decision.

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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:

Click on the "Create Detailed Printer-Friendly Report" button to create a report you can print out. Please allow up to 1-2 minutes for the report to process.

visitors since 11/17/2008

Scott Engle
Realty Source
Ph: 619-258-1000 Ext.5 - Fax: 619-342-2620
365 Broadway Suite 201
El Cajon, CA 92021
www.scottengle.com

We work with buyers and sellers in El Cajon and Santee California. Feel free to search the El Cajon MLS to view our El Cajon homes for sale!

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