Rent vs. Own

This Rent vs Own calculator allows you to compare the advantages and disadvantages of owning vs. renting a home. Fill in the following information and click the Calculate button for results.
Current rent:
Purchase price of home:
Down Payment (percentage):
Interest rate:
Length of loan term (years):
How many years do you plan to stay in this home?
Annual property tax rate:
Annual appreciation of home:
Results: print this page
  Rent Own
Total interest paid:  
Total property taxes paid:  
Total tax savings:  
Total monthly payments:
Average monthly payment:
Appreciation of home:  
Savings (down payment amount invested at 10%)  
Total Cost:

Note: This calculator is intended for informational purposes only and GMAC is not responsible for any errors in calculations. This calculator may use certain assumptions that may not apply to your specific case. The calculator is not meant to be used as the basis for any savings, expense, investment, or other financial decision.