Should I Buy or Rent? For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications. Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time. Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area. Should I Buy or Rent? Rental Information       Monthly Rent     Renter's Insurance     Annual Rent Increase(%) Property Information     Property Value     Monthly Taxes     Monthly Insurance   Estimate Taxes and Insurance       Monthly Maintenance     Home Value Appreciation (%) Loan Information     Zip Code     Loan Amount     Interest Rate     Term in Years     Loan Points     Loan Costs     Years Before Sale     Selling Costs (%)     Savings Rate (%)     Tax Rate (%)    Single  Joint   Filing Status               Inquire Now!   Fill out our easy-to-use application and get approved for a home loan quickly. *Analyze the total cost to rent versus the total cost to own. These calculations are only estimates and can only be used to evaluate the possible results of consolidating certain debts into an equity loan. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. Please consult your tax advisor for information on the deductibility if interest for tax purposes.