Should I rent or buy a home?

With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.
Rent Assumptions
Monthly rent payment ($) 
Additional monthly fees ($) 
Monthly renter's insurance premium ($) 
Annual rate increases (%) 
Purchase Assumptions
Purchase price of home ($) 
Annual appreciation rate (%) 
Realtor fees on future sale (%) 
Amount of loan ($) 
Annual interest rate (%) 
Number of years 
Closing costs (not included in loan amount) ($) 
Annual homeowner's insurance premium ($) 
Annual property taxes ($) 
Annual maintenance cost ($) 
Other Assumptions
Number of years for the comparison 
Marginal tax bracket (%)help
Before tax return on savings (%)help
Assumed annual inflation rate (%)help
   
All calculators and tools are supplied as a courtesy only. FHB is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The output of the tools and calculators may vary with each use and over time. The output and results should not be construed as financial, legal or tax advice, and the calculators and tools are not intended to replace the advice of qualified professionals. You should not rely on the calculators and tools as your only source of information. You should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate.

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