Message from My 1st Million At 33:
If you cannot load the java code, download JRE from
This calculator assumes certain inflation rate of rent and appreciation
rate of the house, and compares whether renting versus buying is a better
financial decision. It takes into account of all housing-related costs,
and also the potential investment returns from down payment, closing
costs, and maintainence costs of the home. Please note that the
money difference between rent/buy is not adjusted for inflation. So
the difference may seem big, when in fact adjusted for inflation, will be
can get the exact tax benefit from my Tax
Calculator which calculates the difference of your taxes done twice
with/without mortgage interest &
property tax. Currently 20% is assumed (fed 15% + state 5%).
Selecting case 2 for the bottom table is not yet available.
If you see a negative number under Rent Worse By column, it means
renting is BETTER.