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Rent Calculator

This Calculator will assist you in solving this dilemma out here. If you are planning to buy a new house, or lease a house, or you are paying house rent on a monthly basis, try out the following tool, to calculate how feasible it would be to purchase a house right away, with the existing burden of paying monthly installments to the bank coupled with the saddle of monthly rent.

Cost of Home Ownership
Purchase Price *
% to be financed *
Down Payment Required
Brokerage fee (%)*
Loan Processing fee (%)*
Stamp Duty (%)*
Other Closing Expenses
Total Estimated Cost of Closing
Amount To be Finanaced
Fixed Rate Financing
Term of Loan in Year *
Interest Rate (%)*
Monthly Payment
Annual Cost of Loan
Other Cost of Home Ownership
Annual Property Tax *
Annual Insurance Premium *
Total of Other Cost
Net First Year Cost of Home Ownership
Cost of Rent
Rent to be Paid *
Deposit *
Interest on Deposit
Tax Concession on Rent
Net First Year Cost of Rent

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