Instructions Enter estimated Rent, Home Purchase, and Financial Information. This calculator analyzes the total cost to rent versus
the total cost to own. To estimate taxes, insurance, and maintenance, select appropriate box. Not all calculated values are
displayed. Home appreciation and rent increase values vary by area.
Years to Rent:
Total Rent and Insurance:
House Purchase Equivalent:
Monthly Mortgage Payment (PI):
House Appreciation Value:
Proceeds Minus Costs:
Home Ownership Analysis
Taxes and Insurance:
Rent vs Buy Analysis
Monthly Rent Savings:
Total Rent Savings:
Home Purchase Benefit:
Explanation A positive/negative
Home Purchase Benefit indicates the financial advantage/disadvantage of owning your own home. Various intangible factors can
be analyzed in this decision such as relocation possibilities, pride of ownership, improved lifestyle, etc.
Tax Benefits of Buying A Home
Input Home Value Loan Amount Interest Rate Points Loan Term Month
Tax Rate State Tax Rate(%) Real Estate Taxes Medical & Dental Gifts & Charity Theft
& Losses Job Expenses
Instructions This calculator estimates the tax benefit of buying a home. Input your loan parameters and the month you purchased
the home. Since home interest and points are captured in itemized deductions, please estimate your Schedule A itemized deductions.
Your itemized deductions including your mortgage deductions will be compared to your standard deduction to calculate the tax
benefit of purchasing your home.