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.

Contact Deseret First Credit Union: 801-456-7000 M-F 9 a.m.-5:30 p.m.

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
   

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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