Rent vs. Buy Calculator
If you are currently renting, use this calculator as a tool to see if now is a good time for you to purchase a home.
 
Current rent payment $
Estimated annual rent increase %
New home purchase price $
Down payment amount $
Interest rate %
Loan term years
Estimated annual property taxes $
Estimated annual repairs / maintenance $
Estimated inflation rate %
Estimated investment return %
Estimated income tax rate
(Federal State) 		%
Years of comparison years
 

This calculator is provided for convenience and illustrative purposes only.    The accuracy of the calculation is not guaranteed by First Bank.   It is not meant to provide any form of legal, tax or other financial advice, nor is it to be considered an indication of credit approval.   First Bank encourages you to discuss your individual financial circumstances with the appropriate professional advisor.