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Renting vs. Buying

The examples below demonstrate how large a mortgage your current rent could support with a down payment of 5%. Your potential purchase price is also shown.


Your Rent - $

Mortgage Amount Rent will Buy - $

5% Down Payment - $

Potential Purchase Price - $

 

650.00

 

126,705.60

 

6,668.72

 

133,374.32

 

750.00

 

146,198.54

 

7,694.66

 

153,893.20

 

800.00

 

155,945.50

 

8,207.66

 

164,153.16

 

850.00

 

165,691.48

 

8,720.60

 

174,412.08

 

900.00

 

175,438.44

 

9,233.60

 

184,672.04

 

950.00

 

185,185.40

 

9,746.60

 

194,932.00

 

1,000.00

 

194,931.39

 

10,259.55

 

205,190.94

 

1,050.00

 

204,678.35

 

10,772.54

 

215,450.89

 

1,100.00

 

214,425.30

 

11,285.54

 

225,710.84

 

1,200.00

 

233,918.25

 

12,311.49

 

246,229.74

 

1,250.00

 

243,664.23

 

12,824.43

 

256,488.66

 

1,300.00

 

253,411.19

 

13,337.43

 

266,748.62

 

1,400.00

 

272,904.14

 

14,363.38

 

287,267.52

 

1,450.00

 

282,651.09

 

14,876.37

 

297,527.46

 

1,500.00

 

292,367.08

 

15,389.32

 

307,786.40

 

1,600.00

 

311,891.00

 

16,415.32

 

328,306.32


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