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Rent Vs. Buy Calculator
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Rent Vs. Buy Calculator
http://www.patricia-beck.com/calculators/rent_v_buy-instructions.html
This script is designed to help people who are trying to decide whether to rent or buy make a decision. It uses all common factors (PITI) and PMI for estimating home purchase payments, it also has an amortization schedule built in but not displayed as we need this to figure total interest costs during the loan. It also figures rate of rent increase for renters and calculates tax savings and appreciation of home, and then compares the two options. You can view and test the script here:
PHP > Scripts and Programs > Financial Tools
Feb 22, 2008
Lee B
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