Real Estate Hilton Head
Rent Vs Buy Calculator

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Requirements: This calculator requires Netscape Navigator or Internet Explorer 3.0 or higher and that you have enabled JavaScript in your browser's user preferences panel.

Instructions: 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. NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

Important: Be sure to only include the principal and interest portion of your monthly payment, i.e., do not include any escrow portions (tax, insurance, etc.).

When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error.

Monthly rent: $
Monthly rental insurance: $
Expected annual inflation rate:   %
Purchase price of home: $
Down payment amount: $
Length of mortgage term (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: $

 

Please make sure you fill out our online financing form so that we can find the best rates for your needs.

 

RealEstateHiltonHead.net is a full service real estate company.
We specialize in the market and sale of properties all over Hilton Head and Bluffton.

If you are interested in working with a highly effective and
specialized group of real estate professionals, please call us!
It would be a privilege and a pleasure to work for you!

 
David Stebbing, Realtor

 

David Stebbing
Real Estate Advisor
Licensed South Carolina Realtor

Cell: 843.683.SOLD (7653) | Toll-Free: 866.387.7653
Office: 843.785.4700 | Fax: 843.785.8843
Email: info@realestatehiltonhead.net
Hilton Head Real Estate

Corporate Headquarters
Real Estate Hilton Head.net
1014B William Hilton Parkway
Hilton Head Island, SC 29928
a division of the Wm. F. Hilton Co.

www.realestatehiltonhead.net