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This calculator is provided as a general guideline. Before making a major purchase, it is wise for home buyers to consult an accountant or financial advisor.

(Do not use symbols other than a period, if necessary, for percentages.)

Sale Price of Home:
Down Payment % or $:
Term of Loan (in years):
Interest Rate: %
Monthly Rent:
Your Federal + State Tax Rate: %
Annual Property Taxes:
Annual Homeowner's Insurance:
Annual HOA Fees:
Annual Home Maintenance:
 
Amount Financed:
Monthly Loan Payment:
Annual Loan Cost:
First Year Mortgage Interest:
Tax Reduction for Interest:
Annual Cost to Own:
Annual Cost to Rent:
Annual Savings or Expense(-)
of Home Ownership:
 
 
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