Security Bank Online

Rent vs. Buy Analysis

We�ll calculate the comparative costs between renting or owning a home.
Sales Price of the Home:
Anticipated Down Payment Percent:
Estimated Interest Rate:
Estimated Annual Property Taxes:
Estimated Annual Homeowners Insurance:
Term of the Proposed Loan:
Estimated Annual Property Appreciation:
Current Monthly Rent:
Expected Growth Rate of Savings:
Income Tax Bracket:

Note: The results provided by this calculator are intended for comparative purposes only. The accuracy of the results is not guaranteed. Any differences between these results and those provided by other lending institutions, including Security Bank, may be due to rounding or slight differences in mathematical formulas used.

All calculations are based on user inputs and do not reflect any guarantee of expected savings or tax advantages. Property appreciation rates vary significantly around the country and in some areas properties have depreciated in value. Net Rental Costs are based on total rent paid, adjusted for inflation, less interest earned on savings. Beginning savings balance is assumed to equal the estimated down payment amount. Net Cost to Own is based on the after-tax cost of the total of mortgage payments made, with taxes and insurance adjusted for inflation. Real Estate Equity is based on the future value of the property, adjusted for appreciation, less the first mortgage principal balance.