Palm Springs Real Estate Hot Properties

Rent vs. Own Calculator

Would you like to know how much you could save by buying a home versus staying in your current apartment? This analysis is over a 5 year period assuming a 33% tax bracket and using current mortgage rates.

Step 1: What are you currently paying in rent each month?

$

Step 2: How much is it increasing each year? (1-7%)

%

Step 3: How much will your house cost?

$

Step 4: How much are you putting down?

%

Step 5: How much will your house appreciate each year? (estimate from 1-10%)

%

Step 6: Click here for results below!

Over five years you would pay $ in house payments.

But your home would go up in value by $ .

And you would save $ in taxes.

And pay off $ of the loan, which is equity in the home.

The net of it - by buying this home you will save on average

$ per month and in total $ over 5 years.