"Rent vs Buy" Mortgage Comparison Calculator Should you rent or buy? This calculator compares making rent and mortgage payments. Enter the Following: Information on Your Current Rent: Monthly Rent Payment: Annual Increase Rate:  % Cash on Hand: Investment Yield Rate:  % Income Tax Rate:  % Information on Your Proposed Mortgage: Home Price: Total Closing Costs: Interest Rate:  % Term, Months: Home Appreciation Rate:  %   Number of Years for Comparison: The Following Items are Calculated: If You Continue to Rent: Total of Rent Payments Total Investment Income: Net Investment Income: Net Cost: Home Equity: If You Purchase a Home: Monthly Payment: Total Mortgage Payments: Mortgage Interest: Appreciation In Home Value: Home Equity: